Investment property in Strathalbyn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.37%
Taking the average capital gain, or increase in median house value, Strathalbyn,5255 has racked up an average of -1.37% over the period. This ranks it number 3060th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Strathalbyn is giving property investors an average Vendor Discount of around -5.93%. This puts suburb at number 183th in SA when ranking the most discounted suburbs.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 1.27%.
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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.