Property value increases in Daw Park have tracked close to the SA average of 3.04% over the last 12 months.
Daw Park,5041 has offered an average of 3.43% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Daw Park are currently offering property investors an average price cut of -3.81% below the asking price at the moment.
Situated 6.36km from the CBD, Daw Park is one of Mitcham localities in the postcode 5041.
Property investors who have had real estate in Daw Park, 5041 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.59%
Taking the average capital gain, or increase in median house value, Daw Park,5041 has racked up an average of -4.59% over the period. This ranks it number 1041th 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 -6.11% to property investors. Daw Park itself is showing figures that indicate -7.41% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Daw Park being $301500 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 4.92%
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
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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.