With a capital gain of -6.35% for the last 12 months, Cumberland Park, 5041 has performed for property investments than its average annual 6.27% property growth over the last 5 years.
While Cumberland Park,5041 ranked number 397th in SA for increase in median house value (annualised) increase, it is ranked 99th over the last 5 years.
In the last year 30 properties changed hands in Cumberland Park, which puts it as the 297th most active market in SA when comparing the number of sales per suburb.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Cumberland Park, 5041 ranked 77th in SA when comparing growth in median property values or capital gain over the last 12 months. Cumberland Park is one of 853 in our list for SA
Comparing Cumberland Park,5041 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.50% to buyers in Cumberland Park at the moment, which is less than average for the rest of SA.
At number 459 in a list of fastest selling suburbs, Cumberland Park is in the TOP 40% of suburbs in Australia with an average of days on market 58.82 for properties listed there.
With the median price for a house in Cumberland Park being $346000 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 4.32%