Property value increases in South Plympton have tracked just lower than the SA average of 3.22% over the last 12 months.
While South Plympton,5038 ranked number 137th in SA for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.
The most recent median price for South Plympton is $497000, with sellers offering an average of -4.76% off the asking price.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.
South Plympton is in the bottom 40% in SA when comparing median price capital growth over the last year. South Plympton gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.60%.
If we look at median property appreciation over just the last three months, South Plympton has given property investors a paper return of -1.32%. This puts Suburb as 125 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in South Plympton should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in South Plympton the average time real estate has been on the market is 72.91 days.
South Plympton, 5038’s gross rental yield is 4.16%
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.