Over the last year, property investments in South Plympton, 5038 have given investors a capital gain of 0.16%. This compares badly with the 2.82% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in South Plympton has increased when compared to the 5 year average annual rate.
The most recent median price for South Plympton is $487550, with sellers offering an average of -4.53% off the asking price.
South Plympton has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.65% to date .
South Plympton,5038 was ranked 563 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in South Plympton should be aiming for at least -5.69% off the asking price, which is the average vendor discount being achieved at the moment.
South Plympton, 5038’s gross rental yield is 4.03%
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.