If you compare the increase in value of investment property in Penola, 5277 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 48.61%.
Comparing Penola,5277 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Penola, 5277 is offering SA ‘s 90th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
Information supplied by:
Supply remains steady
Median house price: $166,500
Stock on market: 1.7%
12-month growth: -14.6%
Located in the heart of historical site and an excellent food and wine scene, the suburb of Penola is the perfect place to sit back and relax.
The suburb is home to many cafes and restaurants that serve the many tourists in the area. Galleries line the streets for those who enjoy a good dose of culture, and the Heritage Walk brings one around the heritage-listed architectures in town. The Mary MacKillop Interpretive Centre is located here, along with the original 1800s stone schoolhouse established by Saint Mary MacKillop. Many vineyards and wineries are a short drive away.
On the whole, the housing supply needle moved very little in the 12 months to March 2019. Meanwhile, house prices nosedived by 14.6% from January 2018-2019, bringing the median down to $166,500. However, there was some recovery in the January 2019 quarter.