Investment property in Strathalbyn has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.75%
Across a shorter period, Strathalbyn, 5255 has seen a median price increase of -0.27% over the last quarter.
At number 216th of SA’s most discounted properties, Strathalbyn is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of 1.74%, investors should hope to achieve an overall return of 4.75%
Information supplied by:
Strathalbyn, SA – Construction on the up
Median house price: $350,000
Stock on market: 47.8%
12-month growth: -7%
The suburb of Strathalbyn has a lovely old-world charm and village atmosphere that makes it one of the prettiest towns in the state.
A heritage-listed country town, Strathalbyn plays host to a number of wineries, designating it a destination for connoisseurs and foodies from all over. It is also known for horseback riding – the suburb contains a racecourse, polo grounds and riding schools. Moreover, the suburb boasts a fine collection of antiques stores. The Angas River, situated right in the midst of the town, is a great place to take a walk and unwind.
The number of houses in the suburb soared in the year to July 2019, going from 87 to over 120.