At number 1682th in the list of Australian suburbs ordered by increase in median house value over the last year, Edwardstown, 5039 is in the top half with a property value increase of 6.55% recorded in median house prices.
Across a shorter period, Edwardstown, 5039 has seen a median price increase of 0.30% over the last quarter.
Our latest figures would indicate that property sellers in Edwardstown are currently offering property investors an average price cut of -6.21% below the asking price at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.48%, investors should hope to achieve an overall return of 3.97%
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 decrease in value by -1.20%
Edwardstown,5039 was ranked 1630 in Australia by increase in median property value over the quarter.
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 -6.04% is being offered, which puts this SA suburb at 478th most discounted overall in Australia.
In the last year 29 properties changed hands in Edwardstown, which puts it as the 71th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.
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.