Investment property in Lockleys has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.19%
Across a shorter period, Lockleys, 5032 has seen a median price increase of 3.32% over the last quarter.
The most recent median price for Lockleys is $661250, with sellers offering an average of -7.04% off the asking price.
Using the current median advertised rental of $432.5 and the average annual increase in value of a median property of 5.59%, investors should hope to achieve an overall return of 3.40%
At number 820th in the list of Australian suburbs ordered by increase in median house value over the last year, Lockleys, 5032 is in the top half with a property value increase of 3.33% recorded in median house prices.
Across a shorter period, Lockleys, 5032 has seen a median price increase of 0.49% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Lockleys is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 123th in terms of most discounted suburbs in SA
Lockleys, 5032’s gross rental yield is 4.91%