Property investors who have had real estate in Edwardstown, 5039 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.50%
The five-year average increase in median property values for Edwardstown,5039 has given property investors a potential capital gain of 15.00% across each of those five years.
Vendor discounting in Edwardstown is giving property investors an average Vendor Discount of around -4.69%. This puts suburb at number 323th in SA when ranking the most discounted suburbs.
Situated 6.32km from the CBD, Edwardstown is one of Marion localities in the postcode 5039.
SA has seen average median house prices change by 4.05% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 0.41% over the last year
LACK OF BUYER INTEREST may well be the reason that Edwardstown is offering property investors an average of -6.42. This rate of discount on properties puts Suburb at number 51th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
The SA suburb of Edwardstown, 5039 is in the Marion local government area.
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.