Over the last year, property investments in Bordertown, 5268 have given investors a capital gain of -12.88%. This compares very badly with the 2.70% for SA as a whole.
Over the longer term, Bordertown has seen property prices show investors a -14.43% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -9.66% to buyers in Bordertown at the moment, which is less than average for the rest of SA.
A $230 per week rent on the median house gives suburb investors a gross yield of circa 8.32%, without taking into account capital value appreciation, which has been averaging out at -1.72%.
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.