At number 1585th in the list of Australian suburbs ordered by increase in median house value over the last year, Daw Park, 5041 is in the top 40% with a property value increase of 6.62% recorded in median house prices.
Daw Park,5041 has offered an average of 6.62% return per annum in house price rises to property investors over the last three years.
The most recent median price for Daw Park is $543750, with sellers offering an average of -4.10% off the asking price.
In the last year 45 properties changed hands in Daw Park, which puts it as the 209th most active market in SA when comparing the number of sales per suburb.
Situated 6.28km from the CBD, Daw Park is one of Mitcham localities in the postcode 5041.
Giving property investors a a poor capital gain of -6.87% for the last year, Daw Park, 5041 is the 1503th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Daw Park has increased when compared to the 5 year average annual rate.
Property buyers and investors in Daw Park 5041 should be seeing an average reduction in asking price of around -6.85% . This means that Daw Park is holding prices well when compared to other suburbs in SA.
At number 668 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 74.03 for properties listed there.
Advertised rents are around the $290 mark per week – giving a return of 5.00% based on the median price in Suburb
Located just 7 km from Adelaide CBD, Daw Park offers renovators a wide range of properties in need of renovations says Prue Muirhead, Your Investment Property Investor of the Year Award winner for 2009.Full summary
Information supplied by:
Located just 7 km from Adelaide CBD, Daw Park offers renovators a wide range of properties in need of renovations says Prue Muirhead, Your Investment Property Investor of the Year Award winner for 2009.
“The suburb has had no capital growth in the past 12 months (as per April 2011 YIP magazine) and I would expect this suburb to have a correction and jump shortly as the surrounding areas have seen an average of 11% capital growth over the same period,” says Muirhead.
The suburb is popular among families and students because of its proximity to Flinders and Adelaide University. It’s also got good public transport options and has a wide range of retail amenities.