Property investors who have had real estate in Ridgehaven, 5097 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 11.06%
Ridgehaven,5097 was ranked 2096 in Australia by increase in median property value over the quarter.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.08% offered to property buyers. Sellers in Ridgehaven itself are offering an average vendor discount of -5.85% to real estate investors.
Residents and property investors in Ridgehaven have been waiting around 53.8 days to sell a property.
Ridgehaven, 5097’s gross rental yield is 4.68%
Investment property in Ridgehaven has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.47%
When looking at the potential capital gains offered to property investors over the last 3 years, Ridgehaven comes in at number 27th in SA.
In the last year 19 properties changed hands in Ridgehaven, which puts it as the 110th most active market in SA when comparing the number of sales per suburb.
Ridgehaven is 87th on a list of best yielding suburbs for rents in SA with a 4.71% return