Over the last year, property investments in Ridleyton, 5008 have given investors a capital gain of 7.67%. This compares favourably with the 3.24% for SA as a whole.
Over the longer term, Ridleyton has seen property prices show investors a 14.65% return over the last 3 years. This is worse than over the last 12 months
Ridleyton5008 is located in SA which offers an average discount of -6.50% to property investors. Ridleyton itself is showing figures that indicate -3.88% is the average achievable by property buyers investing in the suburb.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.
Within the inner northern region of Adelaide just 4.3km from the CBD, the suburb of Ridleyton is on the rise. It is a central hub for shopping, with the Ridleyton Central Shopping Centre serving not only Ridleyton but neighbours Croydon, Renown Park, Brompton and Hindmarsh.Full summary
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Central shopping district maintains upswing
Median house price: $520,000
Three-year growth: 19.54%
Rental yield: 3.70%
Within the inner northern region of Adelaide just 4.3km from the CBD, the suburb of Ridleyton is on the rise.
It is a central hub for shopping, with the Ridleyton Central Shopping Centre serving not only Ridleyton but neighbours Croydon, Renown Park, Brompton and Hindmarsh. The complex contains a pharmacy, bakery and supermarket. In addition, Ridleyton residents are close to the dining centres on Hawker Street and Elizabeth Street. For those who favour nature, Albert Greenshields Reserve provides a barbecue spot, playing field and playground, while being located alongside a creek.
House prices are at a median of $520,000, a reasonable price considering its location. The growth trend for the past five years has also been strong, with a 13.5% increase being recorded in the past 12 months. The average discount rate of 4.2% benefits sellers, although yields may be low for investors.Close