With a capital gain of 0.87% for the last 12 months, Clarence Park, 5034 has performed for property investments than its average annual 3.91% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Clarence Park comes in at number 266th in SA.
Property investors looking for a bargain in Clarence Park should be aiming for at least -5.75% off the asking price, which is the average vendor discount being achieved at the moment.
At number 633 in a list of fastest selling suburbs, Clarence Park is in the TOP 20% of suburbs in Australia with an average of days on market 51.3 for properties listed there.
Situated 4.32km 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 around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 1.75%.
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 increased when compared to the 5 year average annual rate.
Clarence Park5034 is located in SA which offers an average discount of -6.06% to property investors. Clarence Park itself is showing figures that indicate -5.98% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $282.5 mark per week – giving a return of 4.39% based on the median price in Suburb