With a capital gain of 14.36% for the last 12 months, Renmark, 5341 has performed for property investments than its average annual 3.92% property growth over the last 5 years.
While Renmark,5341 ranked number 13th in SA for increase in median house value (annualised) increase, it is ranked 140th over the last 5 years.
Property investors looking for a bargain in Renmark should be aiming for at least -5.21% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Renmark being $215000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.56%
If we look at median property appreciation over just the last three months, Renmark has given property investors a paper return of 8.41%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in SA
Renmark, 5341’s gross rental yield is 4.87%