Edwardstown has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.06% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Edwardstown comes in at number 153th in SA.
Edwardstown5039 is located in SA which offers an average discount of -6.55% to property investors. Edwardstown itself is showing figures that indicate -6.24% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Edwardstown the average time real estate has been on the market is 52.06 days.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
SA has seen average median house prices change by 4.44% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 0.55% over the last year
Taking the average capital gain, or increase in median house value, Edwardstown,5039 has racked up an average of 0.55% over the period. This ranks it number 598th in the whole country for real estate investors looking at median house price increases.
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 -5.53% is being offered, which puts this SA suburb at 609th most discounted overall in Australia.
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.