Somerton Park, 5044 ranked 222th in SA when comparing growth in median property values or capital gain over the last 12 months. Somerton Park is one of 853 in our list for SA
While Somerton Park,5044 ranked number 59th in SA for increase in median house value (annualised) increase, it is ranked 126th over the last 5 years.
Vendor discounting in Somerton Park is giving property investors an average Vendor Discount of around -7.14%. This puts suburb at number 110th in SA when ranking the most discounted suburbs.
On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.
Somerton Park, 5044’s gross rental yield is 3.04%
If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 21.91%.
When looking at the potential capital gains offered to property investors over the last 3 years, Somerton Park comes in at number 20th in SA.
Vendor discounting in Somerton Park is giving property investors an average Vendor Discount of around -9.79%. This puts suburb at number 9th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 5.65%, investors should hope to achieve an overall return of 3.71%