Giving property investors a a poor capital gain of -12.38% for the last year, Renmark, 5341 is the 3894th highest performer in Australia in this respect.
Across a shorter period, Renmark, 5341 has seen a median price increase of -3.16% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Renmark itself are offering an average vendor discount of -5.56% to real estate investors.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.22%, without taking into account capital value appreciation, which has been averaging out at 2.03%.