Edwardstown has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.56% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Edwardstown comes in at number 179th in SA.
LACK OF BUYER INTEREST may well be the reason that Edwardstown is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 169th in terms of most discounted suburbs in SA
At number 412 in a list of fastest selling suburbs, Edwardstown is in the TOP 20% of suburbs in Australia with an average of days on market 46.76 for properties listed there.
With the median price for a house in Edwardstown being $475000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.94%
Giving property investors a an unimpressive capital gain of 0.41% for the last year, Edwardstown, 5039 is the 1078th highest performer in Australia in this respect.
Comparing Edwardstown,5039 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Edwardstown, 5039. Typically our figures indicate that -6.87% is being offered, which puts this SA suburb at 315th most discounted overall in Australia.
Edwardstown, 5039’s gross rental yield is 3.79%
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.