Property investors who have had real estate in Davoren Park, 5113 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.11%
A -7.38% growth in median value for property investors in Davoren Park,5113 puts this suburb at number 285th in terms of best performing suburbs in SA
Vendor discounting in Davoren Park is giving property investors an average Vendor Discount of around -8.58%. This puts suburb at number 57th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $255 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 7.29%
Giving property investors a a stable capital gain of 5.93% for the last year, Davoren Park, 5113 is the 639th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Davoren Park has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Davoren Park should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $206 and the average annual increase in value of a median property of 3.40%, investors should hope to achieve an overall return of 7.49%