At number 2571th in the list of Australian suburbs ordered by increase in median house value over the last year, Quorn, 5433 is in the BOTTOM 40% with a property value increase of -4.44% recorded in median house prices.
Across a shorter period, Quorn, 5433 has seen a median price increase of -13.71% over the last quarter.
Situated 291.11km from the CBD, Quorn is one of Flinders Ranges (DC) localities in the postcode 5433.
Information supplied by:
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%.