Yankalilla has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.86% to date .
A 18.83% growth in median value for property investors in Yankalilla,5203 puts this suburb at number 165th in terms of best performing suburbs in SA
Property investors looking for a bargain in Yankalilla should be aiming for at least -8.33% off the asking price, which is the average vendor discount being achieved at the moment.
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Farming suburb should keep an eye on the housing market
Median house price: $320,000
Three-year growth: 36.17%
Rental yield: 4.47%
The agricultural hub that is Yankalilla has been chugging along steadily over recent years, although the April 2017 quarter findings from CoreLogic could be suggesting the start of a different trend.
House values slipped by 3% to $320,000 in this period, following the recording of 11% over the previous year. Nonetheless, investor returns remain strong at almost 4.5%, and the average discount rate is still favourable at 3.8%.
Yankalilla’s location could also be key to a resurgence, as it is near the water. It is right in the Bungala River valley and is surrounded by the Mount Lofty Ranges, which cultivates excellent conditions for farming. The burgeoning forestry and tourism industries also offer good employment opportunities.
Yankalilla places significant emphasis on community involvement, with many facilities and events established to facilitate camaraderie.