Giving property investors a an unimpressive capital gain of -0.45% for the last year, Warradale, 5046 is the 3034th highest performer in Australia in this respect.
Warradale,5046 was ranked 2709 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.50% offered to property buyers. Sellers in Warradale itself are offering an average vendor discount of -4.70% to real estate investors.
Investment property in Warradale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.94%
Warradale,5046 has offered an average of 12.94% return per annum in house price rises to property investors over the last three years.
Warradale5046 is located in SA which offers an average discount of -6.42% to property investors. Warradale itself is showing figures that indicate -3.81% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Warradale have been waiting around 89.96 days to sell a property.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.57%, investors should hope to achieve an overall return of 4.09%
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