Investment property in Lockleys has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.06%
Across a shorter period, Lockleys, 5032 has seen a median price increase of 2.29% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Lockleys is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 307th in terms of most discounted suburbs in SA
In the last year 85 properties changed hands in Lockleys, which puts it as the 82th most active market in SA when comparing the number of sales per suburb.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.26%, without taking into account capital value appreciation, which has been averaging out at 6.03%.
At number 139th in the list of Australian suburbs ordered by increase in median house value over the last year, Lockleys, 5032 is in the top 10% with a property value increase of 18.41% recorded in median house prices.
Across a shorter period, Lockleys, 5032 has seen a median price increase of 4.44% over the last quarter.
Sellers are offering property buyers an average discount of -6.33% to buyers in Lockleys at the moment, which is less than average for the rest of SA.