Property value increases in Quorn have tracked lower than the SA average of 1.26% over the last 12 months.
If we look at median property appreciation over just the last three months, Quorn has given property investors a paper return of -11.11%. This puts Suburb as 463 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Quorn is $120000, with sellers offering an average of -14.97% off the asking price.
Using the current median advertised rental of $222.5 and the average annual increase in value of a median property of -2.26%, investors should hope to achieve an overall return of 9.64%
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.Full summary
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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%.Close