Property investors who have had real estate in Lockleys, 5032 should be relatively unhappy 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 1.52%
If we look at median property appreciation over just the last three months, Lockleys has given property investors a paper return of 1.80%. This puts Suburb as 164 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.50% offered to property buyers. Sellers in Lockleys itself are offering an average vendor discount of -6.53% to real estate investors.
On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 5.32%.
Giving property investors a a solid capital gain of 17.97% for the last year, Lockleys, 5032 is the 154th highest performer in Australia in this respect.
A -13.71% growth in median value for property investors in Lockleys,5032 puts this suburb at number 103th in terms of best performing suburbs in SA
Property buyers and investors in Lockleys 5032 should be seeing an average reduction in asking price of around -6.43% . This means that Lockleys is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Lockleys the average time real estate has been on the market is 82.18 days.
Advertised rents are around the $292.5 mark per week – giving a return of 4.93% based on the median price in Suburb