At number 3091th in the list of Australian suburbs ordered by increase in median house value over the last year, Cumberland Park, 5041 is in the BOTTOM 30% with a property value increase of -1.25% recorded in median house prices.
If we look at median property appreciation over just the last three months, Cumberland Park has given property investors a paper return of 6.66%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Cumberland Park itself are offering an average vendor discount of -4.52% to real estate investors.
The SA suburb of Cumberland Park, 5041 is in the Mitcham local government area.
SA has seen average median house prices change by 3.81% which means that Cumberland Park, 5041 has done well for property investors by showing a capital gain of -1.32% over the last year
The most recent median price for Cumberland Park is $332800, with sellers offering an average of -5.14% off the asking price.
Advertised rents are around the $300 mark per week – giving a return of 4.69% based on the median price in Suburb