Coromandel Valley is in the TOP 20% in SA when comparing median price capital growth over the last year. Coromandel Valley gave property investors a very good capital gain figure when compared to the rest of the state, with 11.44%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coromandel Valley has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Coromandel Valley are currently offering property investors an average price cut of -6.31% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.14%, without taking into account capital value appreciation, which has been averaging out at 3.27%.