Property investors who have had real estate in Hallett Cove, 5158 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 8.11%
Hallett Cove,5158 was ranked 2121 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Hallett Cove is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 182th in terms of most discounted suburbs in SA
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 4.15%, without taking into account capital value appreciation, which has been averaging out at 2.90%.
Hallett Cove, 5158 ranked 143th in SA when comparing growth in median property values or capital gain over the last 12 months. Hallett Cove is one of 853 in our list for SA
The five-year average increase in median property values for Hallett Cove,5158 has given property investors a potential capital gain of 6.84% across each of those five years.
Vendor discounting in Hallett Cove is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 72th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Hallett Cove the average time real estate has been on the market is 60.71 days.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 1.76%, investors should hope to achieve an overall return of 4.99%