With a capital gain of -1.18% for the last 12 months, Reynella, 5161 has performed for property investments than its average annual 1.72% property growth over the last 5 years.
The five-year average increase in median property values for Reynella,5161 has given property investors a potential capital gain of 13.47% across each of those five years.
At number 94th of SA’s most discounted properties, Reynella is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $17940 per annum or $345 every week.
Information supplied by:
Reynella, SA – Supply of houses inches upwards
Median house price: $330,000
Stock on market: 11.4%
12-month growth: 3.1%
Originally a large suburb that included Old Reynella and Reynella East, the metropolitan suburb of Reynella is part of the districts of Mawson and Mitchell in Adelaide and is popularly known as the site of the Junk Food Junction, as branches of all the major fast food outlets once congregated at the intersection of South Road, Adelaide and Pimpala Road.
The suburb is served by Adelaide Metro buses, and Sheriffs Road is linked to the Southern Expressway. Nearby shopping hubs are Westfield Marion, Centro Colonnades and the Southgate Plaza in Morphett Vale. This easy access to transit and shopping makes this a prime area for property buyers.
The number of properties in the suburb increased by 11.4% in the 12 months to June 2019. House values were also up by 3.1%.