At number 2984th in the list of Australian suburbs ordered by increase in median house value over the last year, Warradale, 5046 is in the BOTTOM 30% with a property value increase of 0.45% recorded in median house prices.
If we look at median property appreciation over just the last three months, Warradale has given property investors a paper return of -0.22%. This puts Suburb as 295 on a list of fastest fasting appreciating suburbs in SA
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 Warradale, 5046. Typically our figures indicate that -6.35% is being offered, which puts this SA suburb at 1406th most discounted overall in Australia.
Often selling an investment property can take time, and in Warradale the average time real estate has been on the market is 72.4 days.
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 15.08%
Across a shorter period, Warradale, 5046 has seen a median price increase of 4.69% over the last quarter.
The most recent median price for Warradale is $458000, with sellers offering an average of -4.18% off the asking price.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Warradale is 169th on a list of best yielding suburbs for rents in SA with a 3.95% return
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