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Renmark West is a suburb in District Council of Renmark Paringa, Australia with 1301 residents. The median house price is $125K with a rental yield of 2.9%. Our analysis rates Renmark West with a suburb score of 77/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
77
out of 100
Suburb Score
0
investors
Slow Recent Price Growth
Low Rental Yield
High Days of Supply
Buying Window: Strong investment potential with prices forecast to outperform the market average over 1-3 years. Key indicators signal favorable conditions for capital growth.
Upswing: Prices are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength.
Consolidating: Prices may grow below average in the short term. Rental growth could also slow during this phase. Consider monitoring market indicators before investing.
Peak: Price growth is expected to slow down. Capital growth forecasts suggest this may not be the optimal time to invest. Consider waiting for better conditions.
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia — all in the one place. We do not include sub-division, house and land packages, or individual lots/land that is for sale.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Renmark West has a suburb score of 77/100 for investment timing, placing it in the moderate investment category within District Council of Renmark Paringa. The suburb shows balanced fundamentals for property investment, with reasonable growth potential and stable rental returns. Investors seeking a mix of capital growth and rental yield may find Renmark West suitable for their portfolio.
Renmark West's capital growth outlook is moderate based on current market indicators. Renmark West shows stable growth fundamentals with some variation across different property types. Investors should consider factors like proximity to amenities, school catchments, and infrastructure developments when assessing individual property growth potential.
Renmark West is located within District Council of Renmark Paringa Local Government Area in Australia. District Council of Renmark Paringa encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Renmark West is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Renmark West is $125K based on recent sales data. At this price point, Renmark West offers an affordable entry into the Australia property market, potentially providing higher rental yields and cash flow positive investment opportunities.
Renmark West has an average rental yield of 2.9%, which is below the national average, which is common in premium or high-growth suburbs where investors prioritize capital appreciation over rental income. Investors in Renmark West typically focus on long-term wealth building rather than immediate cash flow.
Renmark West has a population of approximately 1301 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Renmark West is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Renmark West's suburb score of 77/100 can be compared against other suburbs in District Council of Renmark Paringa to identify relative investment value. With a score between 50-80, Renmark West sits in the middle tier of District Council of Renmark Paringa suburbs. Some neighboring suburbs may offer better timing opportunities while others may be less favorable. Compare all suburbs in District Council of Renmark Paringa using our platform to find the best investment opportunities.
