Somerton Park has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 13.84% to date .
Comparing Somerton Park,5044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 112th of SA’s most discounted properties, Somerton Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 3.02%
SA has seen average median house prices change by 3.97% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 42.06% over the last year
Somerton Park,5044 has offered an average of 42.06% return per annum in house price rises to property investors over the last three years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -6.23% to real estate investors.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 7.53%, investors should hope to achieve an overall return of 3.29%