Wattle Park, 5066 ranked 235th in SA when comparing growth in median property values or capital gain over the last 12 months. Wattle Park is one of 853 in our list for SA
A 14.38% growth in median value for property investors in Wattle Park,5066 puts this suburb at number 77th in terms of best performing suburbs in SA
The most recent median price for Wattle Park is $829250, with sellers offering an average of -5.91% off the asking price.
Wattle Park is 298th on a list of best yielding suburbs for rents in SA with a 3.61% return
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
Information supplied by:
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.