At number 3280th 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 -2.51% recorded in median house prices.
Taking the average capital gain, or increase in median house value, South Plympton,5038 has racked up an average of -2.51% over the period. This ranks it number 2347th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 335th in terms of most discounted suburbs in SA
Renters in Suburb are facing rents around $4470 per annum or $372.5 every week.
South Plympton is in the bottom 30% in SA when comparing median price capital growth over the last year. South Plympton gave property investors a disappointing capital gain figure when compared to the rest of the state, with -3.23%.
Over the longer term, South Plympton has seen property prices show investors a 18.58% return over the last 3 years. This is worse than over the last 12 months
South Plympton5038 is located in SA which offers an average discount of -6.42% to property investors. South Plympton itself is showing figures that indicate -6.26% is the average achievable by property buyers investing in the suburb.
Residents and property investors in South Plympton have been waiting around 62.78 days to sell a property.
South Plympton is 146th on a list of best yielding suburbs for rents in SA with a 4.16% 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
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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.