Seacliff has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -5.92% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seacliff has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Seacliff should be aiming for at least -4.11% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $440 mark per week – giving a return of 3.07% based on the median price in Suburb
Over the last year, property investments in Seacliff, 5049 have given investors a capital gain of -16.06%. This compares very badly with the 2.97% for SA as a whole.
Seacliff5049 is located in SA which offers an average discount of -6.13% to property investors. Seacliff itself is showing figures that indicate -4.73% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.50 sales per month, which equates to 30 per year.
With the median price for a house in Seacliff being $499000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.75%