Over the last year, property investments in Meningie, 5264 have given investors a capital gain of 12.11%. This compares very favourably with the 3.35% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Meningie has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Meningie are currently offering property investors an average price cut of -7.76% below the asking price at the moment.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Advertised rents are around the $215 mark per week – giving a return of 5.62% based on the median price in Suburb