South Plympton has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.88% to date .
South Plympton,5038 has offered an average of 2.88% return per annum in house price rises to property investors over the last three years.
South Plympton5038 is located in SA which offers an average discount of -6.54% to property investors. South Plympton itself is showing figures that indicate -4.60% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in South Plympton, 5038 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 11.58%.
South Plympton,5038 was ranked 200 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.11. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in SA
At number 683 in a list of fastest selling suburbs, South Plympton is just in the top half of suburbs in Australia with an average of days on market 72.77 for properties listed there.
South Plympton is 153th on a list of best yielding suburbs for rents in SA with a 4.11% return
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
Information supplied by:
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.