At number 1247th in the list of Australian suburbs ordered by increase in median house value over the last year, Daw Park, 5041 is in the top 30% with a property value increase of 12.14% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Daw Park comes in at number 48th in SA.
Property buyers and investors in Daw Park 5041 should be seeing an average reduction in asking price of around -4.72% . This means that Daw Park is holding prices well when compared to other suburbs in SA.
Situated 6.56km from the CBD, Daw Park is one of Mitcham localities in the postcode 5041.
Over the last year, property investments in Daw Park, 5041 have given investors a capital gain of 2.50%. This compares averagely with the 3.61% for SA as a whole.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.27% offered to property buyers. Sellers in Daw Park itself are offering an average vendor discount of -5.71% to real estate investors.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.99%, without taking into account capital value appreciation, which has been averaging out at 3.18%.
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