SA has seen average median house prices change by 2.39% which means that Yankalilla, 5203 has done well for property investors by showing a capital gain of 8.62% over the last year
If we look at median property appreciation over just the last three months, Yankalilla has given property investors a paper return of -1.56%. This puts Suburb as 342 on a list of fastest fasting appreciating suburbs in SA
Property buyers and investors in Yankalilla 5203 should be seeing an average reduction in asking price of around -3.93% . This means that Yankalilla is holding prices well when compared to other suburbs in SA.
Situated 63.30km from the CBD, Yankalilla is one of Yankalilla localities in the postcode 5203.
The agricultural hub that is Yankalilla has been chugging along steadily over recent years, although the April 2017 quarter findings from CoreLogic could be suggesting the start of a different trend.Full summary
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Farming suburb should keep an eye on the housing market
Median house price: $320,000
Three-year growth: 36.17%
Rental yield: 4.47%
The agricultural hub that is Yankalilla has been chugging along steadily over recent years, although the April 2017 quarter findings from CoreLogic could be suggesting the start of a different trend.
House values slipped by 3% to $320,000 in this period, following the recording of 11% over the previous year. Nonetheless, investor returns remain strong at almost 4.5%, and the average discount rate is still favourable at 3.8%.
Yankalilla’s location could also be key to a resurgence, as it is near the water. It is right in the Bungala River valley and is surrounded by the Mount Lofty Ranges, which cultivates excellent conditions for farming. The burgeoning forestry and tourism industries also offer good employment opportunities.
Yankalilla places significant emphasis on community involvement, with many facilities and events established to facilitate camaraderie.