Investment property in Coffin Bay 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 -12.70%
A -1.75% growth in median value for property investors in Coffin Bay,5607 puts this suburb at number 413th in terms of best performing suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Coffin Bay itself are offering an average vendor discount of -7.06% to real estate investors.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.59%, without taking into account capital value appreciation, which has been averaging out at 2.21%.