With a capital gain of 5.62% for the last 12 months, Fulham Gardens, 5024 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fulham Gardens has increased when compared to the 5 year average annual rate.
The most recent median price for Fulham Gardens is $639000, with sellers offering an average of -3.46% off the asking price.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 4.35%, investors should hope to achieve an overall return of 3.58%
If you compare the increase in value of investment property in Fulham Gardens, 5024 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 18.55%.
Fulham Gardens,5024 has offered an average of 18.55% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Fulham Gardens itself are offering an average vendor discount of -9.35% to real estate investors.
Advertised rents are around the $327.5 mark per week – giving a return of 4.63% based on the median price in Suburb
Situated in the western part of the Adelaide metropolitan area, Fulham Gardens is flourishing in a market that had faced struggles in past years. Prices have been rising steadily over a five-year period. In the January 2017 quarter alone, there was over 5% growth.Full summary
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Nature-loving suburb blooms
Median house price: $634,000
Vacancy rate: 1.01%
Three-year growth: 32.08%
Situated in the western part of the Adelaide metropolitan area, Fulham Gardens is flourishing in a market that had faced struggles in past years.
Prices have been rising steadily over a five-year period. In the January 2017 quarter alone, there was over 5% growth. The average vacancy rate slipped from 1.27% in 2016 to just 1.01%, indicating that while rental yields are not very high at 3.7%, investors can expect a steady stream of occupants. Vendors also benefit from the ability to offer low average discounts of 5.12%.
Fulham Gardens has a shopping centre composed of small shops, a bakery and dining establishments. The suburb also houses part of Torrens Linear Park, along with various smaller reserves.
Locals can travel to the Adelaide CBD by car through Tapleys Hill Road and Grange Road. Grange Road also leads to the beach. The Adelaide Metro has bus routes running through this suburb as well.Close