With a capital gain of 9.58% for the last 12 months, Ridgehaven, 5097 has performed for property investments than its average annual 3.15% property growth over the last 5 years.
A 17.88% growth in median value for property investors in Ridgehaven,5097 puts this suburb at number 49th in terms of best performing suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.30% offered to property buyers. Sellers in Ridgehaven itself are offering an average vendor discount of -5.98% to real estate investors.
In the last year 73 properties changed hands in Ridgehaven, which puts it as the 92th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 4.41%
Ridgehaven has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 19.71% to date .
Ridgehaven,5097 was ranked 1443 in Australia by increase in median property value over the quarter.
With the median price for a house in Ridgehaven being $325000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.64%