With a capital gain of 2.70% for the last 12 months, Mount Barker, 5251 has performed for property investments than its average annual 1.27% property growth over the last 5 years.
Mount Barker,5251 was ranked 1921 in Australia by increase in median property value over the quarter.
The most recent median price for Mount Barker is $380000, with sellers offering an average of -6.23% off the asking price.
At number 3082 in a list of fastest selling suburbs, Mount Barker is in the bottom 20% of suburbs in Australia with an average of days on market 110.807 for properties listed there.
The SA suburb of Mount Barker, 5251 is in the Mount Barker (DC) local government area.
Property value increases in Mount Barker have tracked just higher than the SA average of 1.05% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Barker comes in at number 55th in SA.
At number 40th of SA’s most discounted properties, Mount Barker is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 30 properties changed hands in Mount Barker, which puts it as the 22th most active market in SA when comparing the number of sales per suburb.
A $297.5 per week rent on the median house gives suburb investors a gross yield of circa 5.08%, without taking into account capital value appreciation, which has been averaging out at 1.42%.
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Unit stock drops, along with prices
Median unit price: $292,500
Stock on market: 6.1%
12-month growth: -2.5%
Sitting comfortably in the Adelaide Hills, the suburb of Mount Barker saw unit supply on the market fall significantly from 13 to just 3 over the June 2017-2018 period.
Capital growth has been slowing in Mount Barker, and in the past 12 months, prices recorded their first drop in five years. Following a 2.2% decrease in the three months to June 2018, the median unit value comes in at just under $300,000. Rental yields remain high at an average of 5.2% off a weekly rent rate of $295.
Originally composed of farmland, Mount Barker has since experienced much urban development. As part of the largest town in the Adelaide Hills region, the suburb is home to several shopping centres, including Mount Barker Central, Mount Barker Village and Mount Barker Plaza. Mount Barker also contains a park with a playground and a skate park.