Ridleyton has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 6.82% to date .
Taking the average capital gain, or increase in median house value, Ridleyton,5008 has racked up an average of 6.82% over the period. This ranks it number 2347th in the whole country for real estate investors looking at median house price increases.
At number 354th of SA’s most discounted properties, Ridleyton is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Ridleyton have been waiting around 45.46 days to sell a property.
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