Investment property in Sturt 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 14.30%
Taking the average capital gain, or increase in median house value, Sturt,5047 has racked up an average of 14.30% over the period. This ranks it number 1580th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Sturt 5047 should be seeing an average reduction in asking price of around -3.98% . This means that Sturt is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Situated 10.66km from the CBD, Sturt is one of Marion localities in the postcode 5047.
If you compare the increase in value of investment property in Sturt, 5047 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -0.95%.
Across a shorter period, Sturt, 5047 has seen a median price increase of -0.60% over the last quarter.
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 Sturt, 5047. Typically our figures indicate that -5.19% is being offered, which puts this SA suburb at 668th most discounted overall in Australia.