Over the last year, property investments in Hewett, 5118 have given investors a capital gain of 12.51%. This compares very favourably with the 2.10% for SA as a whole.
If we look at median property appreciation over just the last three months, Hewett has given property investors a paper return of 6.06%. This puts Suburb as 45 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Hewett should be aiming for at least -6.27% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 2.32%, investors should hope to achieve an overall return of 4.72%