SA has seen average median house prices change by 1.79% which means that Bordertown, 5268 has done well for property investors by showing a capital gain of -12.12% over the last year
Taking the average capital gain, or increase in median house value, Bordertown,5268 has racked up an average of -12.12% over the period. This ranks it number 3297th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Bordertown is giving property investors an average Vendor Discount of around -8.51%. This puts suburb at number 16th in SA when ranking the most discounted suburbs.
Advertised rents are around the $240 mark per week – giving a return of 8.61% based on the median price in Suburb
Information supplied by:
Housing stock slips
Median house price: $157,500
Stock on market: -14.4%
12-month growth: 17.5%
Known as the birthplace of former Australian prime minister Bob Hawke, the suburb of Bordertown is situated near the border between Victoria and South Australia. It was established during the gold rush in the 1850s.
Attractions in the area include the Bordertown Recreation Lake, which is a popular picnic area and fishing spot. There is also a skate park for the youth. In the Bordertown Wildlife Park, visitors can watch kangaroos, wallabies and birds in their natural habitats – particularly the rare white kangaroo.
Bordertown serves as the administrative and commercial centre of the Tatiara District Council. Commuters can reach Adelaide by bus. Over May 2018-2019, house supply dropped from 96 to 82.