Property investors who have had real estate in Taperoo, 5017 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.99%
While Taperoo,5017 ranked number 73th in SA for increase in median house value (annualised) increase, it is ranked 146th over the last 5 years.
Sellers are offering property buyers an average discount of -6.67% to buyers in Taperoo at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Taperoo the average time real estate has been on the market is 62.63 days.
Property investors should expect to get $347.5 weekly from the median priced house in this suburb.
Taperoo is in the TOP 20% in SA when comparing median price capital growth over the last year. Taperoo gave property investors a very good capital gain figure when compared to the rest of the state, with 17.39%.
While Taperoo,5017 ranked number 23th in SA for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Taperoo, 5017. Typically our figures indicate that -4.19% is being offered, which puts this SA suburb at 1023th most discounted overall in Australia.
On average over the past year, suburb has had 1.50 sales per month, which equates to 18 per year.
Situated 16.10km from the CBD, Taperoo is one of Port Adelaide Enfield localities in the postcode 5017.
Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.Full summary
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Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.
What really makes it stand out is its excellent level of relative affordability, and a strong rental market. Median prices compare very well with neighbouring Largs Bay North Haven, for example.
“There are boat ramps nearby, and it offers good affordability for people that are looking for the beachside lifestyle. There aren’t many places that can offer coastal living at these prices,” says Harcourts Semaphore sales consultant Phil Tan.
He notes however that what Taperoo’s median price figures don’t reveal is that it’s something of a tale of two cities in terms of property prices.
“There’s a mix of properties in Taperoo,” he says. “Properties on the west side of Victoria Road are more popular, and sell for better prices, as they’re closer to the beach. The cheaper, sub-$250,000 properties are on the east side, closer to the port area.”
He notes that rents are naturally higher in beachside areas, and this is the area that a large proportion of investors head to, but that you’re more likely to find a neutrally or positively geared property in eastern zones.
The rental market here is certainly solid, with yields sitting at around 5%, and the monthly vacancy rate being consistently below 1% for the past couple of years.
Renters made up 41% of the area’s population base at the 2006 Census, and SQM predicts that this figure will rise to 56% in 2011 and 64% in 2016. Average annual population growth in the local SLA reached 0.6% over the past four years.
Taperoo may be a bit out of the way, tucked up around 18km from the CBD above Port Adelaide, but it does have a train station that gets residents to the city in half an hour. Amenity highlights are the beach and a good selection of schools (Tan highlights Ocean View College). There are basic shopping options here, including an IGA and a handful of restaurants and cafes, while the larger shopping centres are found around 5km south in Port Canal or 10km south in West Lakes.