If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 1.94%.
If we look at median property appreciation over just the last three months, Somerton Park has given property investors a paper return of 0.00%. This puts Suburb as 257 on a list of fastest fasting appreciating suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -6.58% to real estate investors.
Somerton Park is 354th on a list of best yielding suburbs for rents in SA with a 3.03% return
At number 133th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerton Park, 5044 is in the top 10% with a property value increase of 22.46% recorded in median house prices.
If we look at median property appreciation over just the last three months, Somerton Park has given property investors a paper return of 8.13%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Somerton Park is $475750, with sellers offering an average of -6.49% off the asking price.
Situated 9.37km from the CBD, Somerton Park is one of Holdfast Bay localities in the postcode 5044.