If you compare the increase in value of investment property in Enfield, 5085 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 -0.51%.
Taking the average capital gain, or increase in median house value, Enfield,5085 has racked up an average of -0.51% over the period. This ranks it number 2189th in the whole country for real estate investors looking at median house price increases.
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 -7.53% to real estate investors.
Situated 7.02km from the CBD, Enfield is one of Port Adelaide Enfield localities in the postcode 5085.
If you compare the increase in value of investment property in Enfield, 5085 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 7.64%.
LACK OF BUYER INTEREST may well be the reason that Enfield is offering property investors an average of -6.44. This rate of discount on properties puts Suburb at number 53th in terms of most discounted suburbs in SA
With the median price for a house in Enfield being $257252 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 5.56%