With a capital gain of -0.75% for the last 12 months, South Plympton, 5038 has performed for property investments than its average annual 4.80% property growth over the last 5 years.
South Plympton,5038 has offered an average of -0.75% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -4.57% to buyers in South Plympton at the moment, which is less than average for the rest of SA.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
Using the current median advertised rental of $375 and the average annual increase in value of a median property of 4.80%, investors should hope to achieve an overall return of 4.02%
Over the last year, property investments in South Plympton, 5038 have given investors a capital gain of 0.66%. This compares averagely with the 3.81% for SA as a whole.
South Plympton,5038 was ranked 1324 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 -6.26%. This puts suburb at number 78th in SA when ranking the most discounted suburbs.
Situated 4.43km from the CBD, South Plympton is one of Marion localities in the postcode 5038.
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.