Property investors who have had real estate in Peterhead, 5016 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.86%
When looking at the potential capital gains offered to property investors over the last 3 years, Peterhead comes in at number 427th in SA.
With the median price for a house in Peterhead being $322500 and the advertised rent reaching $367.5 the gross rental yield for property investors calculates out to be 5.93%
Information supplied by:
Slow but steady growth
Median house price: $392,750
Three-year growth: 10.6%
Rental yield: 5.2%
15km from the Adelaide CBD, the suburb of Peterhead offers reasonably priced housing near the conveniences of the city. The median value for houses comes in at just under $400,000 following a price hike of 3.4% in the 12 months to July 2018, continuing an existing trend of consistent and gentle growth.
Peterhead is situated on the LeFevre Peninsula, adjacent to the suburbs of Largs Bay and Birkenhead. The Port River runs along the southern end of Peterhead, while the Outer Harbor railway line borders the suburb in the east and west. There is a museum on Fletcher Road, and a convenience store on Victoria Road.
While the suburb itself is not particularly rich in amenities, it has excellent neighbours providing access to schools, such as LeFevre Primary School in Birkenhead and LeFevre High School in Semaphore South.