Quorn, 5433 ranked 415th in SA when comparing growth in median property values or capital gain over the last 12 months. Quorn is one of 853 in our list for SA
In the last year 12 properties changed hands in Quorn, which puts it as the 418th most active market in SA when comparing the number of sales per suburb.
Advertised rents are around the $220 mark per week – giving a return of 7.65% based on the median price in Suburb
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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%.