Loxton has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -13.33% to date .
If we look at median property appreciation over just the last three months, Loxton has given property investors a paper return of 0.00%. This puts Suburb as 230 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Loxton is giving property investors an average Vendor Discount of around -5.05%. This puts suburb at number 249th in SA when ranking the most discounted suburbs.
In the last year 60 properties changed hands in Loxton, which puts it as the 125th most active market in SA when comparing the number of sales per suburb.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 7.20%, without taking into account capital value appreciation, which has been averaging out at 1.24%.
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Loxton, SA – House stock almost hits 100
Median house price: $196,423.50
Stock on market: 47.7%
12-month growth: -4.2%
Citrus and summer fruits grow nearby; meanwhile, the area north of the Murray Mallee focuses on dryland farming and grain cropping, giving residents access to lots of fresh produce!
Loxton highlights the extensive history of the mallee district through the Loxton Historical Village, which is known as the site of the annual Loxton Lights Up Christmas Festival. The 120m Loxton Gift handicap sprint race also takes place here every February. Other favourite pastimes in this area include boating, fishing and sports.
Housing stock soared in the year to August 2019, reaching almost 100.