Property investors who have had real estate in Somerton Park, 5044 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.76%
Somerton Park,5044 has offered an average of -1.76% return per annum in house price rises to property investors over the last three years.
At number 168th of SA’s most discounted properties, Somerton Park is in the middle of the state/territory when listing in order of most discounted to least.
Over the last year, property investments in Somerton Park, 5044 have given investors a capital gain of 6.04%. This compares favourably with the 3.81% for SA as a whole.
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.
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 -9.37% is being offered, which puts this SA suburb at 83th most discounted overall in Australia.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
Situated 7.27km from the CBD, Somerton Park is one of Holdfast Bay localities in the postcode 5044.