At number 1606th in the list of Australian suburbs ordered by increase in median house value over the last year, Pooraka, 5095 is in the top 40% with a property value increase of 0.55% recorded in median house prices.
Pooraka,5095 has offered an average of 0.55% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Pooraka is giving property investors an average Vendor Discount of around -5.38%. This puts suburb at number 226th in SA when ranking the most discounted suburbs.
Pooraka, 5095’s gross rental yield is 4.85%
When looking at the potential capital gains offered to property investors over the last 3 years, Pooraka comes in at number 99th in SA.
LACK OF BUYER INTEREST may well be the reason that Pooraka is offering property investors an average of -6.88. This rate of discount on properties puts Suburb at number 43th in terms of most discounted suburbs in SA
Residents and property investors in Pooraka have been waiting around 60.6667 days to sell a property.
Situated 10.61km from the CBD, Pooraka is one of Salisbury (C) localities in the postcode 5095.
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Located around 12km north of the Adelaide CBD, Pooraka has good access to the city via the Main North Road and is a couple of kilometres away from the nearest train station at Dry Creek.
It’s a suburb whose property market was a beneficiary of increased market confidence as 2011 progressed, says Raine & Horne Ingle Farm principal Wayne Masters.
“Australians still need and want to purchase homes,” he says. “We are seeing good levels of enquiry from local and interstate buyers, and we expect confidence to improve throughout the remainder of the year.”
And he believes that Pookara will continue to prove popular with both investors and owner-occupiers, thanks to the type of home that it has to offer.
“In Pooraka you can secure older-style three bedroom homes with large yards, which are ideal for families,” he says.
“These properties provide a point of difference to modern homes, which are typically on smaller blocks, and sell for between $290,000 and $350,000.”
He adds that many of these blocks can be developed, subject to council approval, which will be of particular interest to investors who are hoping to add value through development as the market recovers from its slow patch.