If you compare the increase in value of investment property in South Plympton, 5038 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.87%.
South Plympton,5038 was ranked 2600 in Australia by increase in median property value over the quarter.
Vendor discounting in South Plympton is giving property investors an average Vendor Discount of around -4.66%. This puts suburb at number 325th in SA when ranking the most discounted suburbs.
South Plympton is 240th on a list of best yielding suburbs for rents in SA with a 4.02% return
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 -0.66%.
A 11.44% growth in median value for property investors in South Plympton,5038 puts this suburb at number 122th in terms of best performing suburbs in SA
LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.26. This rate of discount on properties puts Suburb at number 90th in terms of most discounted suburbs in SA
At number 411 in a list of fastest selling suburbs, South Plympton is in the TOP 30% of suburbs in Australia with an average of days on market 61.21 for properties listed there.
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.