If you compare the increase in value of investment property in Cumberland Park, 5041 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -8.08%.
While Cumberland Park,5041 ranked number 129th in SA for increase in median house value (annualised) increase, it is ranked 103th over the last 5 years.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 6.11%, investors should hope to achieve an overall return of 3.46%
Over the last year, property investments in Cumberland Park, 5041 have given investors a capital gain of -3.82%. This compares badly with the 3.03% for SA as a whole.
If we look at median property appreciation over just the last three months, Cumberland Park has given property investors a paper return of -3.54%. This puts Suburb as 135 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Cumberland Park is giving property investors an average Vendor Discount of around -4.78%. This puts suburb at number 139th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Cumberland Park the average time real estate has been on the market is 76.8 days.
The SA suburb of Cumberland Park, 5041 is in the Mitcham local government area.