If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -9.21%.
Across a shorter period, Somerton Park, 5044 has seen a median price increase of -0.21% over the last quarter.
Somerton Park5044 is located in SA which offers an average discount of -6.55% to property investors. Somerton Park itself is showing figures that indicate -6.33% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 8.50 sales per month, which equates to 102 per year.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 5.03%, investors should hope to achieve an overall return of 3.26%
Somerton Park is in the TOP 30% in SA when comparing median price capital growth over the last year. Somerton Park gave property investors a good capital gain figure when compared to the rest of the state, with 9.39%.
Comparing Somerton Park,5044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -8.28% to real estate investors.
Somerton Park is 168th on a list of best yielding suburbs for rents in SA with a 3.94% return