Giving property investors a a stable capital gain of 9.11% for the last year, South Plympton, 5038 is the 1360th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, South Plympton comes in at number 128th in SA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Plympton, 5038. Typically our figures indicate that -4.65% is being offered, which puts this SA suburb at 2765th most discounted overall in Australia.
The SA suburb of South Plympton, 5038 is in the Marion local government area.
South Plympton, 5038 ranked 151th in SA when comparing growth in median property values or capital gain over the last 12 months. South Plympton is one of 853 in our list for SA
Comparing South Plympton,5038 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in South Plympton 5038 should be seeing an average reduction in asking price of around -4.25% . This means that South Plympton is holding prices well when compared to other suburbs in SA.
In the last year 30 properties changed hands in South Plympton, which puts it as the 67th most active market in SA when comparing the number of sales per suburb.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 6.15%.
As its older residents move into nursing care or retirement, South Plympton is drawing a diverse crowd that includes students, first homebuyers and young families. Sales agents proclaim it an Adelaide suburb that “keeps creeping up”, thanks to its strong location in the city’s south-west.Full summary
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South Plympton is a quiet suburb tucked away between South Road and the tram line, about 15 minutes southwest of the Adelaide CBD. Drive six kilometres west and you’ll arrive at famous Glenelg Beach. Six kilometres south is Westfield Marion, South Australia’s largest shopping centre.
“It’s one of those little [suburbs] that keeps creeping up,” says Valentine Izdebski, sales consultant at Gary J. Smith First National in Plympton. And that creeping growth has now become a sprint as investors pile into the underpriced and perfectly located suburb.
“It’s not far to get to the airport, Castle Plaza, Westfield Marion, Goodwood Road, train, tram and bus; it’s in a good transport corridor,” Izdebski says. “The other thing we find is that country folk will come down to the city and buy here if their children are going to Flinders [University].”
The most popular parts of South Plympton are at the northern end of the suburb, along the tram line parallel to Pleasant Avenue. “There’s a little triangle of streets there that’s always popular,” Izdebski notes. “Especially Winifred, Kent and Brinkworth, which is a nice wide street.”
As the older generation moves out into nursing care or retirement lifestyle towns, South Plympton is drawing a diverse crowd. The mix of properties, from 1950s-style three- and four-bedders to bungalows and villas, is attracting young families, second and third homebuyers, students and small-scale developers.