With a capital gain of 3.97% for the last 12 months, Largs Bay, 5016 has performed for property investments than its average annual -1.59% property growth over the last 5 years.
Over the longer term, Largs Bay has seen property prices show investors a -16.49% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in Largs Bay is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 62th in SA when ranking the most discounted suburbs.
In the last year 61 properties changed hands in Largs Bay, which puts it as the 166th most active market in SA when comparing the number of sales per suburb.
A $422.5 per week rent on the median house gives suburb investors a gross yield of circa 5.60%, without taking into account capital value appreciation, which has been averaging out at -1.59%.
With a capital gain of 0.00% for the last 12 months, Largs Bay, 5016 has performed for property investments than its average annual -4.35% property growth over the last 5 years.
Comparing Largs Bay,5016 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Largs Bay5016 is located in SA which offers an average discount of -2.35% to property investors. Largs Bay itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Largs Bay being $387500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 7.80%
Information supplied by:
Tom Walsh
Walsh Real Estate
M
08 8242 3830
O
0412 844 861
W
www.walshre.com.au
E
tom@walshre.com.au
Investment property in Suburb has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.46%.
While Largs Bay,5016 ranked number 348th in SA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Largs Bay, 5016. Typically our figures indicate that -5.41% is being offered, which puts this SA suburb at 3398th most discounted overall in Australia.
Situated 14.69km from the CBD, Largs Bay is one of Port Adelaide Enfield localities in the postcode 5016.
Selling points:
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Close to beach and CBD
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Many varied styles of homes and post war with large blocks
Most sought-after properties:
Old style villas and bungalows and corner blocks
Most common properties:
Post war homes
Top amenities:
Beach
Local industry and business:
ASC and Naval hub
Recent changes:
Sub-divisions (Medium to small)
Best streets:
Esplanade, Military Road, Alexander Street, Anthony Street
Public transport:
Both bus and train
Main arteries:
Port/ Torrens roads