Property value increases in Somerton Park have tracked just higher than the SA average of 3.22% over the last 12 months.
While Somerton Park,5044 ranked number 216th in SA for increase in median house value (annualised) increase, it is ranked 122th over the last 5 years.
At number 122th of SA’s most discounted properties, Somerton Park is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $445 weekly from the median priced house in this suburb.
SA has seen average median house prices change by 3.99% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 18.60% over the last year
Across a shorter period, Somerton Park, 5044 has seen a median price increase of 6.02% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -7.62% to real estate investors.
Somerton Park is 171th on a list of best yielding suburbs for rents in SA with a 3.78% return