Investment property in Warradale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.73%
While Warradale,5046 ranked number 201th in SA for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.
Warradale5046 is located in SA which offers an average discount of -6.34% to property investors. Warradale itself is showing figures that indicate -6.30% is the average achievable by property buyers investing in the suburb.
Property investors who have had real estate in Warradale, 5046 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.07%
Warradale,5046 has offered an average of 13.07% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Warradale is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 148th in terms of most discounted suburbs in SA
Warradale is 150th on a list of best yielding suburbs for rents in SA with a 4.04% 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