Over the last year, property investments in Solomontown, 5540 have given investors a capital gain of -31.09%. This compares very badly with the 3.87% for SA as a whole.
Taking the average capital gain, or increase in median house value, Solomontown,5540 has racked up an average of -31.09% over the period. This ranks it number 3363th in the whole country for real estate investors looking at median house price increases.
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 Solomontown, 5540. Typically our figures indicate that -8.50% is being offered, which puts this SA suburb at 539th most discounted overall in Australia.
At number 3681 in a list of fastest selling suburbs, Solomontown is in the bottom 10% of suburbs in Australia with an average of days on market 155.08 for properties listed there.
With the median price for a house in Solomontown being $117500 and the advertised rent reaching $202.5 the gross rental yield for property investors calculates out to be 8.96%