Property value increases in Clarence Park have tracked higher than the SA average of 3.24% over the last 12 months.
If we look at median property appreciation over just the last three months, Clarence Park has given property investors a paper return of 15.70%. This puts Suburb as 14 on a list of fastest fasting appreciating suburbs in SA
Situated 4.20km from the CBD, Clarence Park is one of Unley localities in the postcode 5034.
If you compare the increase in value of investment property in Clarence Park, 5034 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 10.10%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clarence Park has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Clarence Park are currently offering property investors an average price cut of -3.83% below the asking price at the moment.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 4.64%, investors should hope to achieve an overall return of 4.37%