Giving property investors a an average capital gain of 5.37% for the last year, South Plympton, 5038 is the 2273th highest performer in Australia in this respect.
While South Plympton,5038 ranked number 83th in SA for increase in median house value (annualised) increase, it is ranked 88th over the last 5 years.
Property investors looking for a bargain in South Plympton should be aiming for at least -4.03% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in South Plympton the average time real estate has been on the market is 46.24 days.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.72%, investors should hope to achieve an overall return of 3.84%
Giving property investors a an average capital gain of 1.81% for the last year, South Plympton, 5038 is the 1028th highest performer in Australia in this respect.
The five-year average increase in median property values for South Plympton,5038 has given property investors a potential capital gain of 8.43% across each of those five years.
Property investors looking for a bargain in South Plympton should be aiming for at least -7.28% off the asking price, which is the average vendor discount being achieved at the moment.
South Plympton, 5038’s gross rental yield is 4.26%
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.