If you compare the increase in value of investment property in Quorn, 5433 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 18.52%.
Comparing Quorn,5433 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 14 properties changed hands in Quorn, which puts it as the 421th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $220 and the average annual increase in value of a median property of 0.31%, investors should hope to achieve an overall return of 7.15%
As a tourist spot in the Flinders Ranges, the historic suburb of Quorn has picked itself up in the past year. House prices shot up by a staggering 26% during this period, and this positive growth remained throughout the February 2017 quarter.Full summary
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History hub offers low-cost housing
Median house price: $145,000
Three-year growth: -6.45%
Rental yield: 8.25%
As a tourist spot in the Flinders Ranges, the historic suburb of Quorn has picked itself up in the past year. House prices shot up by a staggering 26% during this period, and this positive growth remained throughout the February 2017 quarter.
Located in the northern region of South Australia, Quorn is far from city life, but it has supported its economy by focusing on its tourism industry. The most popular destination is the Pichi Pichi Railway, though the town is also filled with classic buildings. Visitors and residents alike have their pick of restaurants, cafes and bistros, which have become necessary with the abundance of Adelaide tourists passing by on their way to the Ranges. The suburb has even been used as a setting for movies.
Investors can certainly try their hand here, as the average rental return is a whopping 8.25%.Close