Property investors who have had real estate in Hectorville, 5073 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 8.06%
Over the longer term, Hectorville has seen property prices show investors a 11.76% return over the last 3 years. This is worse than over the last 12 months
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 Hectorville, 5073. Typically our figures indicate that -5.97% is being offered, which puts this SA suburb at 1589th most discounted overall in Australia.
With the median price for a house in Hectorville being $570000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 3.42%
Investment property in Hectorville has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.22%
Taking the average capital gain, or increase in median house value, Hectorville,5073 has racked up an average of -16.22% over the period. This ranks it number 626th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Hectorville should be aiming for at least -5.34% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $295 mark per week – giving a return of 4.95% based on the median price in Suburb