With a capital gain of 25.00% for the last 12 months, Quorn, 5433 has performed for property investments than its average annual 7.69% property growth over the last 5 years.
A 45.87% growth in median value for property investors in Quorn,5433 puts this suburb at number 147th in terms of best performing suburbs in SA
Quorn5433 is located in SA which offers an average discount of -2.27% to property investors. Quorn itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $26260 per annum or $505 every week.
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History hub offers low-cost housing
Median house price: $145,000
Three-year growth: -6.45%
Rental yield: 8.25%
As a tourist spot in the Flinders Ranges, the historic suburb of Quorn has picked itself up in the past year. House prices shot up by a staggering 26% during this period, and this positive growth remained throughout the February 2017 quarter.
Located in the northern region of South Australia, Quorn is far from city life, but it has supported its economy by focusing on its tourism industry. The most popular destination is the Pichi Pichi Railway, though the town is also filled with classic buildings. Visitors and residents alike have their pick of restaurants, cafes and bistros, which have become necessary with the abundance of Adelaide tourists passing by on their way to the Ranges. The suburb has even been used as a setting for movies.
Investors can certainly try their hand here, as the average rental return is a whopping 8.25%.