SA has seen average median house prices change by 3.24% which means that Daw Park, 5041 has done well for property investors by showing a capital gain of 11.49% over the last year
While Daw Park,5041 ranked number 322th in SA for increase in median house value (annualised) increase, it is ranked 105th over the last 5 years.
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 Daw Park, 5041. Typically our figures indicate that -3.31% is being offered, which puts this SA suburb at 3491th most discounted overall in Australia.
Renters in Suburb are facing rents around $4920 per annum or $410 every week.
Daw Park has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -3.15% to date .
Taking the average capital gain, or increase in median house value, Daw Park,5041 has racked up an average of -3.15% over the period. This ranks it number 1150th in the whole country for real estate investors looking at median house price increases.
Daw Park5041 is located in SA which offers an average discount of -6.42% to property investors. Daw Park itself is showing figures that indicate -6.24% is the average achievable by property buyers investing in the suburb.
At number 615 in a list of fastest selling suburbs, Daw Park is just in the top half of suburbs in Australia with an average of days on market 70.09 for properties listed there.
Property investors should expect to get $292.5 weekly from the median priced house in this suburb.
Daw Park has considerable long-term potential, seeing as it has been on the up for the past five years. Over the December 2016 quarter, Daw Park recorded nearly 14% growth, culminating in a strong 12.5% rise for the previous 12 months. Rental yields are not very high; however, sellers profit through being able to offer discount rates lower than 5%.Full summary
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Inner city suburb draws residents with accessibility
Median house price: $570,000
Three-year growth: 20.10%
Rental yield: 3.60%
Situated in the inner southern part of Adelaide, Daw Park is home to the Repatriation General Hospital, which focuses on caring for veterans.
This suburb has considerable long-term potential, seeing as it has been on the up for the past five years. Over the December 2016 quarter, Daw Park recorded nearly 14% growth, culminating in a strong 12.5% rise for the previous 12 months. Rental yields are not very high; however, sellers profit through being able to offer discount rates lower than 5%.
Daw Park is surrounded by Colonel Light Gardens, Cumberland Park and Melrose Park, providing residents with access to amenities such as parks, gardens, bicycle trails, sporting clubs and schools. Daw Park is also just roughly 15 minutes south of the Adelaide CBD via Goodwood Road, with bus services offered to commuters. This proximity adds to Daw Park’s appeal to buyers.Close