With a capital gain of 7.11% for the last 12 months, Loxton, 5333 has performed for property investments than its average annual 3.83% property growth over the last 5 years.
Loxton,5333 was ranked 4475 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Loxton, 5333. Typically our figures indicate that -4.50% is being offered, which puts this SA suburb at 1107th most discounted overall in Australia.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 3.83%, investors should hope to achieve an overall return of 5.56%
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Loxton, SA – House stock almost hits 100
Median house price: $196,423.50
Stock on market: 47.7%
12-month growth: -4.2%
Citrus and summer fruits grow nearby; meanwhile, the area north of the Murray Mallee focuses on dryland farming and grain cropping, giving residents access to lots of fresh produce!
Loxton highlights the extensive history of the mallee district through the Loxton Historical Village, which is known as the site of the annual Loxton Lights Up Christmas Festival. The 120m Loxton Gift handicap sprint race also takes place here every February. Other favourite pastimes in this area include boating, fishing and sports.
Housing stock soared in the year to August 2019, reaching almost 100.