Investment property in Hectorville has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.45%
A 27.81% growth in median value for property investors in Hectorville,5073 puts this suburb at number 224th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Hectorville are currently offering property investors an average price cut of -5.06% below the asking price at the moment.
At number 1341 in a list of fastest selling suburbs, Hectorville is in the TOP 40% of suburbs in Australia with an average of days on market 62 for properties listed there.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 3.50%
If you compare the increase in value of investment property in Hectorville, 5073 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 16.60%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hectorville has increased when compared to the 5 year average annual rate.
Vendor discounting in Hectorville is giving property investors an average Vendor Discount of around -6.35%. This puts suburb at number 56th in SA when ranking the most discounted suburbs.
With the median price for a house in Hectorville being $433750 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 3.93%