Investment property in Riverton has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -17.39%
While Riverton,5412 ranked number 185th in SA for increase in median house value (annualised) increase, it is ranked 411th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Riverton, 5412. Typically our figures indicate that -8.47% is being offered, which puts this SA suburb at 678th most discounted overall in Australia.
Using the current median advertised rental of $237.5 and the average annual increase in value of a median property of 4.07%, investors should hope to achieve an overall return of 6.50%