Property value increases in Stepney have tracked just lower than the SA average of 1.39% over the last 12 months.
Taking the average capital gain, or increase in median house value, Stepney,5069 has racked up an average of -4.70% over the period. This ranks it number 3342th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $465 and the average annual increase in value of a median property of 4.67%, investors should hope to achieve an overall return of 3.41%
At number 914th in the list of Australian suburbs ordered by increase in median house value over the last year, Stepney, 5069 is in the BOTTOM 50% with a property value increase of -0.96% recorded in median house prices.
Our latest figures would indicate that property sellers in Stepney are currently offering property investors an average price cut of -10.30% below the asking price at the moment.
On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.
Property investors should expect to get $320 weekly from the median priced house in this suburb.