Investment property in South Plympton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.60%
Comparing South Plympton,5038 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
South Plympton, 5038 is offering SA ‘s 328th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
Residents and property investors in South Plympton have been waiting around 51.42 days to sell a property.
South Plympton, 5038’s gross rental yield is 4.07%
SA has seen average median house prices change by 4.44% which means that South Plympton, 5038 has done well for property investors by showing a capital gain of 4.18% over the last year
Taking the average capital gain, or increase in median house value, South Plympton,5038 has racked up an average of 4.18% over the period. This ranks it number 737th in the whole country for real estate investors looking at median house price increases.
At number 94th of SA’s most discounted properties, South Plympton is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Situated 5.06km 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.