At number 2347th in the list of Australian suburbs ordered by increase in median house value over the last year, Lockleys, 5032 is in the BOTTOM 50% with a property value increase of 4.94% recorded in median house prices.
The five-year average increase in median property values for Lockleys,5032 has given property investors a potential capital gain of 24.11% across each of those five years.
Property investors looking for a bargain in Lockleys should be aiming for at least -6.73% off the asking price, which is the average vendor discount being achieved at the moment.
Lockleys, 5032’s gross rental yield is 3.21%
SA has seen average median house prices change by 3.61% which means that Lockleys, 5032 has done well for property investors by showing a capital gain of 24.79% over the last year
Lockleys,5032 was ranked 29 in Australia by increase in median property value over the quarter.
Property buyers and investors in Lockleys 5032 should be seeing an average reduction in asking price of around -4.32% . This means that Lockleys is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 4.67%, investors should hope to achieve an overall return of 4.20%