Investment property in Edwardstown has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.35%
When looking at the potential capital gains offered to property investors over the last 3 years, Edwardstown comes in at number 204th in SA.
Property investors looking for a bargain in Edwardstown should be aiming for at least -4.32% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.
SA has seen average median house prices change by 3.52% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 0.27% over the last year
Taking the average capital gain, or increase in median house value, Edwardstown,5039 has racked up an average of 0.27% over the period. This ranks it number 553th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Edwardstown is giving property investors an average Vendor Discount of around -6.80%. This puts suburb at number 53th in SA when ranking the most discounted suburbs.
In the last year 36 properties changed hands in Edwardstown, which puts it as the 54th most active market in SA when comparing the number of sales per suburb.
Edwardstown, 5039’s gross rental yield is 3.66%
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.