SA has seen average median house prices change by 3.97% which means that Yankalilla, 5203 has done well for property investors by showing a capital gain of 2.46% over the last year
Comparing Yankalilla,5203 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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.