Property investors who have had real estate in Goodwood, 5034 should be relatively pleased 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 6.29%
Over the longer term, Goodwood has seen property prices show investors a 28.03% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Goodwood itself are offering an average vendor discount of -1.92% to real estate investors.
On average over the past year, suburb has had 3.42 sales per month, which equates to 41 per year.
Goodwood is 315th on a list of best yielding suburbs for rents in SA with a 3.42% return
Goodwood has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.05% to date .
Comparing Goodwood,5034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Goodwood, 5034. Typically our figures indicate that -3.70% is being offered, which puts this SA suburb at 1176th most discounted overall in Australia.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.77%, investors should hope to achieve an overall return of 4.72%