With a capital gain of 5.39% for the last 12 months, South Plympton, 5038 has performed for property investments than its average annual 4.83% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, South Plympton has given property investors a paper return of 5.88%. This puts Suburb as 71 on a list of fastest fasting appreciating suburbs in SA
LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in South Plympton the average time real estate has been on the market is 48.91 days.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 4.83%.
South Plympton has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.17% to date .
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.
Property buyers and investors in South Plympton 5038 should be seeing an average reduction in asking price of around -7.10% . This means that South Plympton is holding prices well when compared to other suburbs in SA.
The SA suburb of South Plympton, 5038 is in the Marion local government area.
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.