Property investors who have had real estate in Smithfield Plains, 5114 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 1.89%
Over the longer term, Smithfield Plains has seen property prices show investors a 7.75% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Smithfield Plains 5114 should be seeing an average reduction in asking price of around -6.30% . This means that Smithfield Plains is holding prices well when compared to other suburbs in SA.
Advertised rents are around the $260 mark per week – giving a return of 7.17% based on the median price in Suburb
While Smithfield Plains,5114 ranked number 42th in SA for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.
Our latest figures would indicate that property sellers in Smithfield Plains are currently offering property investors an average price cut of -8.12% below the asking price at the moment.
Smithfield Plains, 5114’s gross rental yield is 5.36%