Somerton Park is in the bottom 20% in SA when comparing median price capital growth over the last year. Somerton Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.86%.
If we look at median property appreciation over just the last three months, Somerton Park has given property investors a paper return of -1.44%. This puts Suburb as 333 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -5.73% to real estate investors.
Somerton Park, 5044’s gross rental yield is 3.45%
Somerton Park, 5044 ranked 57th 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
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Somerton Park has increased when compared to the 5 year average annual rate.
Vendor discounting in Somerton Park is giving property investors an average Vendor Discount of around -7.89%. This puts suburb at number 27th in SA when ranking the most discounted suburbs.