At number 1070th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarence Gardens, 5039 is in the top 30% with a property value increase of 9.81% recorded in median house prices.
Across a shorter period, Clarence Gardens, 5039 has seen a median price increase of 4.72% over the last quarter.
Property investors looking for a bargain in Clarence Gardens should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.54%, investors should hope to achieve an overall return of 3.36%
Clarence Gardens is located in the inner southern suburbs of the Adelaide Metro area. It is 1 square kilometre. The suburb surrounds ovals and parks which provide a great environment for families. Located only a short distance of 4.5km to the Adelaide CBDFull summary
Information supplied by:
Urban Residential Property Group
08 8271 3666
0424 332 564
Clarence Gardens is located in the inner southern suburbs of the Adelaide Metro area. It is 1 square kilometre. The suburb surrounds ovals and parks which provide a great environment for families. Located only a short distance of 4.5km to the Adelaide CBD
Selling points: Close proximity to the Adelaide CBD and easy access to the Southern Suburbs and coastline. There are numerous schools both private and public, kindergarten and 3 major shopping centres within a 5 minute drive. It is also really affordable with many homes being available under $500,000
Most sought-after properties: Character homes built between 1910 and 1950. Very popular with home renovators due to affordable pricing and large allotments
Most common properties: Mid 1900’s homes
Top amenities: AA Bailey Reserve, Clarence Gardens Lawn Bowls Club
Local industry and business: There are many local shops, cafes and stores in the area but it is predominantly residential with little to no industrial
Recent changes: The council has recently been doing routine maintenance and upgrading of foot paths as well as car parking at AA Baily Reserve has been sealed
Best streets: Chamberlain Avenue, Dinwoodie Avenue, Ackland Avenue and Clovelly Avenue
Public transport: Train, tram and bus
Main arteries: Cross Road and South Road