Property investors who have had real estate in Tranmere, 5073 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -5.32%
Tranmere,5073 was ranked 1755 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Tranmere are currently offering property investors an average price cut of -5.25% below the asking price at the moment.
Tranmere, 5073’s gross rental yield is 3.48%
Information supplied by:
Scarce Real Estate
08 8332 1022
0424 585 214
Giving property investors a an average capital gain of 2.91% for the last year, Tranmere, 5073 is the 1562th highest performer in Australia in this respect.
A 11.11% growth in median value for property investors in Tranmere,5073 puts this suburb at number 192th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Tranmere are currently offering property investors an average price cut of -9.19% below the asking price at the moment.
Tranmere is 351th on a list of best yielding suburbs for rents in SA with a 3.53% return.
Selling points: Close to CBD, The Parade, public transport and large shopping precincts.
Most sought after properties: Large allotments (1000 sq mtrs and over) seem to be in high demand, as people are seeing the potential to sub divide and capaltilise on the areas appeal.
Most common properties: Character homes, particulary bungalows and Tudors
Top amenities: Firle Plaza (Contains a variety of specialty shops, as well as Kmart, and Coles)
Local industry and business: Magill University,
Recent changes: Many older homes on large allotments are being demolished in favour of a substantial single dwelling being built or developers building 2 properties and selling one and keeping the other.
Best streets: Kings Grove, Tennyson Avenue
Public transport: Arthur St, and Magill Rd, which all go into the CBD
Main arteries: Glynburn Rd and Magill Rd