Property value increases in Warradale have tracked just lower than the SA average of 3.04% over the last 12 months.
A 22.22% growth in median value for property investors in Warradale,5046 puts this suburb at number 250th in terms of best performing suburbs in SA
Our latest figures would indicate that property sellers in Warradale are currently offering property investors an average price cut of -5.09% below the asking price at the moment.
With the median price for a house in Warradale being $550000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.50%
Warradale is in the TOP 30% in SA when comparing median price capital growth over the last year. Warradale gave property investors a good capital gain figure when compared to the rest of the state, with 9.30%.
While Warradale,5046 ranked number 77th in SA for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
Warradale, 5046 is offering SA ‘s 152th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
With the median price for a house in Warradale being $435000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.18%
The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.Full summary
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Units gain ground in southwest city suburb
Median unit price: $426,000
Three-year growth: 0.24%
Rental yield: 4.15%
The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.
In this quarter, the unit market recorded a high 7% increase in prices, bringing the median price to $426,000. This is up from the 0.24% rise reported three years ago. Apartments are also selling at an average of approximately 4%, indicating that there is reasonable demand. Indeed, the vacancy rate in Warradale is a low 1.4%.
Interest in this suburb may be because it is just over 10km from the CBD. It is also only minutes from West Beach, offering occupants both relaxation and convenience. Commuters are able to easily travel via train and bus, and the suburb is linked to many roads. Warradale is within several school zones, including Brighton High School and Seaview High.Close