At number 2518th in the list of Australian suburbs ordered by increase in median house value over the last year, Ridleyton, 5008 is in the BOTTOM 40% with a property value increase of 3.39% recorded in median house prices.
Ridleyton,5008 was ranked 3730 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Ridleyton are currently offering property investors an average price cut of -3.88% below the asking price at the moment.
At number 512 in a list of fastest selling suburbs, Ridleyton is in the TOP 20% of suburbs in Australia with an average of days on market 46.91 for properties listed there.
Property investors should expect to get $395 weekly from the median priced house in this suburb.
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