If you compare the increase in value of investment property in Clarence Park, 5034 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.11%.
Over the longer term, Clarence Park has seen property prices show investors a 8.55% return over the last 3 years. This is worse than over the last 12 months
Advertised rents are around the $440 mark per week – giving a return of 3.96% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -0.90% for the last year, Clarence Park, 5034 is the 1202th highest performer in Australia in this respect.
Property investors looking for a bargain in Clarence Park should be aiming for at least -5.88% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 23 properties changed hands in Clarence Park, which puts it as the 92th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3360 per annum or $280 every week.