If you compare the increase in value of investment property in Renmark, 5341 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -6.58%.
Over the longer term, Renmark has seen property prices show investors a 3.94% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Renmark should be aiming for at least -6.48% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 87 properties changed hands in Renmark, which puts it as the 74th most active market in SA when comparing the number of sales per suburb.
Situated 213.69km from the CBD, Renmark is one of Renmark Paringa localities in the postcode 5341.