Investment property in Waikerie has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 31.89%
While Waikerie,5330 ranked number 2nd in SA for increase in median house value (annualised) increase, it is ranked 13th over the last 5 years.
The most recent median price for Waikerie is $238000, with sellers offering an average of -8.00% off the asking price.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 3.92%, investors should hope to achieve an overall return of 5.46%