Over the last year, property investments in Renmark, 5341 have given investors a capital gain of -9.18%. This compares very badly with the 3.04% for SA as a whole.
Across a shorter period, Renmark, 5341 has seen a median price increase of -1.05% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Renmark is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 253th in terms of most discounted suburbs in SA
At number 2488 in a list of fastest selling suburbs, Renmark is in the bottom 40% of suburbs in Australia with an average of days on market 95.76 for properties listed there.
Property investors should expect to get $220 weekly from the median priced house in this suburb.