With a capital gain of 0.42% for the last 12 months, Wattle Park, 5066 has performed for property investments than its average annual 3.71% property growth over the last 5 years.
Wattle Park,5066 has offered an average of 0.42% return per annum in house price rises to property investors over the last three years.
Wattle Park5066 is located in SA which offers an average discount of -6.14% to property investors. Wattle Park itself is showing figures that indicate -5.94% is the average achievable by property buyers investing in the suburb.
Wattle Park sits around 8km directly east of the Adelaide CBD, in between Rosslyn Park and Skye, and it’s something of a prestige location, notes Herron Todd White South Australia director Jarrod Harper.Full summary
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Wattle Park sits around 8km directly east of the Adelaide CBD, in between Rosslyn Park and Skye, and it’s something of a prestige location, notes Herron Todd White South Australia director Jarrod Harper.
“This is a semi foothills location with 1960s and 1970s homes of good proportions. There are views from many houses, and the distance to Adelaide's top schools and prestige inner eastern shopping is minimal,” he says.
He admits that the median price for houses here (over $700,000 according to RP Data) will put off most investors, but notes that – for those that can afford it – now’s a good time to buy below median priced property.
“The median house price in the area will be falling at the moment so now is a good time to buy and hold in the area. Houses are often over $750,000 in price, but the lower end in the locality is the one to watch,” he explains.
Poor rental yields will also cause many investors to gulp, so if serviceability is an issue then this is perhaps a market to steer clear of until its price correction brings yields up to a more palatable level.