Property investors who have had real estate in Myrtle Bank, 5064 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 5.90%
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 Myrtle Bank itself are offering an average vendor discount of -9.59% to real estate investors.
Situated 4.55km from the CBD, Myrtle Bank is one of Unley localities in the postcode 5064.
Myrtle Bank, 5064 ranked 37th in SA when comparing growth in median property values or capital gain over the last 12 months. Myrtle Bank is one of 853 in our list for SA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Myrtle Bank has increased when compared to the 5 year average annual rate.
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 Myrtle Bank, 5064. Typically our figures indicate that -8.26% is being offered, which puts this SA suburb at 151th most discounted overall in Australia.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Renters in Suburb are facing rents around $18200 per annum or $350 every week.