Property investors who have had real estate in Brahma Lodge, 5109 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 -1.43%
Brahma Lodge,5109 was ranked 3175 in Australia by increase in median property value over the quarter.
Advertised rents are around the $315 mark per week – giving a return of 5.93% based on the median price in Suburb
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House supply is down in low-priced suburb
Median house price: $266,000
Stock on market: -32.3%
12-month growth: -3.6%
The suburb of Brahma Lodge, named for the trotting horse stud that was once located in the area, recorded a sharp drop in housing stock over the past 12 months leading up to November 2017.
Prices in this suburb fell by 3.6% in the same period following a consistent stretch of positive growth over the most recent five-year period, although the November 2017 quarter indicated some recovery through a 0.2% increase in values. The median house price comes in at just $266,000, making Brahma Lodge highly affordable. The average yield is quite high at 5.8%.
The suburb’s centre is home to Brahma Lodge Primary School. After school, kids can head to Cockburn Green or Brahma Lodge Oval for recreation. The Salisbury town centre is also only a short distance away.