Giving property investors a an average capital gain of 2.57% for the last year, Edwardstown, 5039 is the 2441th highest performer in Australia in this respect.
Edwardstown,5039 was ranked 3088 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Edwardstown are currently offering property investors an average price cut of -6.24% below the asking price at the moment.
The SA suburb of Edwardstown, 5039 is in the Marion local government area.
Over the last year, property investments in Edwardstown, 5039 have given investors a capital gain of -1.20%. This compares badly with the 3.03% for SA as a whole.
Edwardstown,5039 has offered an average of -1.20% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Edwardstown is giving property investors an average Vendor Discount of around -6.04%. This puts suburb at number 89th in SA when ranking the most discounted suburbs.
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.