Property value increases in Ridleyton have tracked just higher than the SA average of 3.87% over the last 12 months.
If we look at median property appreciation over just the last three months, Ridleyton has given property investors a paper return of 3.32%. This puts Suburb as 106 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Ridleyton is $512750, with sellers offering an average of -3.88% off the asking price.
At number 909 in a list of fastest selling suburbs, Ridleyton is in the TOP 30% of suburbs in Australia with an average of days on market 52.92 for properties listed there.
Ridleyton is 228th on a list of best yielding suburbs for rents in SA with a 4.06% return
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