SA has seen average median house prices change by 2.98% which means that Quorn, 5433 has done well for property investors by showing a capital gain of 41.67% over the last year
The five-year average increase in median property values for Quorn,5433 has given property investors a potential capital gain of 3.34% across each of those five years.
In the last year 13 properties changed hands in Quorn, which puts it as the 423th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $240 and the average annual increase in value of a median property of 7.22%, investors should hope to achieve an overall return of 7.34%
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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%.