SA has seen average median house prices change by 3.87% which means that Valley View, 5093 has done well for property investors by showing a capital gain of 0.91% over the last year
Over the longer term, Valley View has seen property prices show investors a 14.12% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.91% to buyers in Valley View at the moment, which is less than average for the rest of SA.
Valley View may be only 11km from the Adelaide CBD, but it also has a great suburban feel with its abundance of parks, quiet streets and walking trailsFull summary
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Valley View may be only 11km from the Adelaide CBD, but it also has a great suburban feel with its abundance of parks, quiet streets and walking trails.Close
It also benefits from proximity to a wide range of schools, the Westfield Tea Tree Plaza shopping complex and the O-Bahn bus network.
Furthermore, its supply and demand indicators show that there’s a lot of interest gathering momentum in this suburb.
In addition to the vacancy rate of 0.48%, Valley View has an auction clearance rate of 83.3%.
This is no surprise considering this suburb is a very affordable one for both investors and first homebuyers.
Three-bedroom houses around Brougham Drive can be picked up for less than $350,000.
They are only a short walk to the Dry Creek Linear Park, the Tea Tree Plaza shopping complex and Modbury Hospital.
This is also a good suburb for houses to have value added via renovation