At number 3305th in the list of Australian suburbs ordered by increase in median house value over the last year, South Plympton, 5038 is in the BOTTOM 30% with a property value increase of -2.49% recorded in median house prices.
Comparing South Plympton,5038 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.41. This rate of discount on properties puts Suburb at number 341th in terms of most discounted suburbs in SA
With the median price for a house in South Plympton being $487550 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.00%
South Plympton, 5038 ranked 127th in SA when comparing growth in median property values or capital gain over the last 12 months. South Plympton is one of 853 in our list for SA
The five-year average increase in median property values for South Plympton,5038 has given property investors a potential capital gain of 9.26% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in South Plympton itself are offering an average vendor discount of -6.28% to real estate investors.
In the last year 46 properties changed hands in South Plympton, which puts it as the 37th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3570 per annum or $297.5 every week.
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.