SA has seen average median house prices change by 3.04% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 5.03% over the last year
The five-year average increase in median property values for Edwardstown,5039 has given property investors a potential capital gain of 11.90% across each of those five years.
Sellers are offering property buyers an average discount of -6.76% to buyers in Edwardstown at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Edwardstown the average time real estate has been on the market is 50.09 days.
Advertised rents are around the $350 mark per week – giving a return of 3.87% based on the median price in Suburb
Edwardstown has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 10.79% to date .
If we look at median property appreciation over just the last three months, Edwardstown has given property investors a paper return of 6.80%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in Edwardstown are currently offering property investors an average price cut of -5.47% below the asking price at the moment.
Edwardstown is 185th on a list of best yielding suburbs for rents in SA with a 3.44% return
Edwardstown lies about 7km south-west of the Adelaide CBD, in the up and coming Marion city council area.Full summary
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Edwardstown lies about 7km south-west of the Adelaide CBD, in the up and coming Marion city council area.
Getting in and out of Edwardstown is very convenient via the suburb’s two train stations or the major Adelaide artery, the South Road.
Houses dominate the property market, taking a 59.7% share of all occupied dwellings at the last ABS census, and this is one of the reasons why the area has a strong rental market amongst students, explains property author and academic Peter Koulizos.
“It’s popular with university students because of its relatively cheap rent and the dominance of houses – four or five students can rent out one house and keep their rental costs down,” he says. “It’s relatively close to Flinders University down South Road and the universities within the city”.
He warns however to steer clear of the industrial part of Edwardstown, where there have been contamination issues.
“It’s pretty well located and has some very good facilities, but you’ve got to be careful which part of Edwardstown you buy in,” he says.