Somerton Park, 5044 ranked 389th 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
The five-year average increase in median property values for Somerton Park,5044 has given property investors a potential capital gain of 20.34% across each of those five years.
Property investors looking for a bargain in Somerton Park should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 98 properties changed hands in Somerton Park, which puts it as the 58th most active market in SA when comparing the number of sales per suburb.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.91%.
When looking at the potential capital gains offered to property investors over the last 3 years, Somerton Park comes in at number 42th in SA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Somerton Park, 5044. Typically our figures indicate that -7.75% is being offered, which puts this SA suburb at 180th most discounted overall in Australia.
Often selling an investment property can take time, and in Somerton Park the average time real estate has been on the market is 73.01 days.
The SA suburb of Somerton Park, 5044 is in the Holdfast Bay local government area.