SA has seen average median house prices change by 2.14% which means that Murray Bridge, 5253 has done well for property investors by showing a capital gain of -0.21% over the last year
Across a shorter period, Murray Bridge, 5253 has seen a median price increase of 1.42% over the last quarter.
Our latest figures would indicate that property sellers in Murray Bridge are currently offering property investors an average price cut of -6.03% below the asking price at the moment.
With the median price for a house in Murray Bridge being $232500 and the advertised rent reaching $252 the gross rental yield for property investors calculates out to be 5.64%
At number 1560th in the list of Australian suburbs ordered by increase in median house value over the last year, Murray Bridge, 5253 is in the BOTTOM 20% with a property value increase of -10.60% recorded in median house prices.
A -3.39% growth in median value for property investors in Murray Bridge,5253 puts this suburb at number 54th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Murray Bridge are currently offering property investors an average price cut of -6.35% below the asking price at the moment.
A $230 per week rent on the median house gives suburb investors a gross yield of circa 6.45%, without taking into account capital value appreciation, which has been averaging out at 1.55%.