Property investors who have had real estate in Grange, 5022 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.88%
Over the longer term, Grange has seen property prices show investors a 13.83% return over the last 3 years. This is worse than over the last 12 months
At number 204th of SA’s most discounted properties, Grange is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $432.5 and the average annual increase in value of a median property of 5.08%, investors should hope to achieve an overall return of 3.12%
Grange is in the bottom 10% in SA when comparing median price capital growth over the last year. Grange gave property investors a dismal capital gain figure when compared to the rest of the state, with -33.07%.
If we look at median property appreciation over just the last three months, Grange has given property investors a paper return of -7.61%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Grange should be aiming for at least -5.70% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Grange the average time real estate has been on the market is 36.35 days.
The SA suburb of Grange, 5022 is in the Charles Sturt local government area.