If you compare the increase in value of investment property in Hallett Cove, 5158 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 14.29%.
If we look at median property appreciation over just the last three months, Hallett Cove has given property investors a paper return of 5.47%. This puts Suburb as 149 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Hallett Cove should be aiming for at least -4.47% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 193 properties changed hands in Hallett Cove, which puts it as the 12th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 3.02%, investors should hope to achieve an overall return of 4.04%