Enfield has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.51% to date .
While Enfield,5085 ranked number 208th in SA for increase in median house value (annualised) increase, it is ranked 255th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Enfield itself are offering an average vendor discount of -7.68% to real estate investors.
Often selling an investment property can take time, and in Enfield the average time real estate has been on the market is 67.1 days.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.96%, investors should hope to achieve an overall return of 4.50%
At number 62th in the list of Australian suburbs ordered by increase in median house value over the last year, Enfield, 5085 is in the top 10% with a property value increase of 24.36% recorded in median house prices.
If we look at median property appreciation over just the last three months, Enfield has given property investors a paper return of -1.38%. This puts Suburb as 130 on a list of fastest fasting appreciating suburbs in SA
The most recent median price for Enfield is $267376, with sellers offering an average of -6.11% off the asking price.
Residents and property investors in Enfield have been waiting around 98.6 days to sell a property.
Enfield is 54th on a list of best yielding suburbs for rents in SA with a 5.25% return