Giving property investors a an average capital gain of 5.65% for the last year, Cumberland Park, 5041 is the 2103th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Cumberland Park has given property investors a paper return of 6.98%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in SA
At number 315th of SA’s most discounted properties, Cumberland Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 6.96%.
Property investors who have had real estate in Cumberland Park, 5041 should be 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 -5.78%
Taking the average capital gain, or increase in median house value, Cumberland Park,5041 has racked up an average of -5.78% over the period. This ranks it number 1366th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Cumberland Park is giving property investors an average Vendor Discount of around -4.24%. This puts suburb at number 139th in SA when ranking the most discounted suburbs.
Situated 4.28km from the CBD, Cumberland Park is one of Mitcham localities in the postcode 5041.