Property investors who have had real estate in Glenelg, 5045 should be 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 22.47%
When looking at the potential capital gains offered to property investors over the last 3 years, Glenelg comes in at number 112th in SA.
Property investors should expect to get $555 weekly from the median priced house in this suburb.
Glenelg, 5045 ranked 82th in SA when comparing growth in median property values or capital gain over the last 12 months. Glenelg is one of 853 in our list for SA
Across a shorter period, Glenelg, 5045 has seen a median price increase of 0.00% over the last quarter.
Glenelg5045 is located in SA which offers an average discount of -6.88% to property investors. Glenelg itself is showing figures that indicate -6.78% is the average achievable by property buyers investing in the suburb.
Glenelg is 86th on a list of best yielding suburbs for rents in SA with a 4.52% return
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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.
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.