Property investors who have had real estate in Glenelg, 5045 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 0.89%
A 16.47% growth in median value for property investors in Glenelg,5045 puts this suburb at number 98th in terms of best performing suburbs in SA
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
The SA suburb of Glenelg, 5045 is in the Holdfast Bay (C) local government area.
Glenelg is in the TOP 10% in SA when comparing median price capital growth over the last year. Glenelg gave property investors a very good capital gain figure when compared to the rest of the state, with 18.05%.
Comparing Glenelg,5045 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Glenelg is $513500, with sellers offering an average of -7.07% off the asking price.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 2.71%.
By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.Full summary
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By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.Close
Currently, the median house price sits $865,000, though there are indicators that it could soon become more affordable.
The latest data from CoreLogic RP Data has revealed a 12% drop in house values over the past year, while over the past five years values have fallen 9%.
Investors aren’t seeing any real cash flow that would ease that pain either, with Glenelg’s rental yield currently sitting at just 3%.
Glenelg is around a 20-minute drive to Adelaide CBD, while the tram line that runs through the suburb can have commuters in the city centre in just over half an hour.
Adelaide Airport is just to the north of Glenelg, while there are a number of shopping centres within the suburb.