Property investors who have had real estate in Hillcrest, 5086 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 7.06%
When looking at the potential capital gains offered to property investors over the last 3 years, Hillcrest comes in at number 222th in SA.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Hillcrest itself are offering an average vendor discount of -5.76% to real estate investors.
Often selling an investment property can take time, and in Hillcrest the average time real estate has been on the market is 39.5455 days.
A $402.5 per week rent on the median house gives suburb investors a gross yield of circa 4.32%, without taking into account capital value appreciation, which has been averaging out at 2.60%.