Over the last year, property investments in Edwardstown, 5039 have given investors a capital gain of 7.31%. This compares favourably with the 3.35% for SA as a whole.
Edwardstown,5039 was ranked 744 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Edwardstown itself are offering an average vendor discount of -6.76% to real estate investors.
If you compare the increase in value of investment property in Edwardstown, 5039 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 20.50%.
Edwardstown, 5039 is offering SA ‘s 114th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.
On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.
Situated 5.79km from the CBD, Edwardstown is one of Marion localities in the postcode 5039.
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.