At number 2761th in the list of Australian suburbs ordered by increase in median house value over the last year, Smithfield, 5114 is in the BOTTOM 40% with a property value increase of 1.02% recorded in median house prices.
The five-year average increase in median property values for Smithfield,5114 has given property investors a potential capital gain of 7.53% across each of those five years.
Property buyers and investors in Smithfield 5114 should be seeing an average reduction in asking price of around -5.67% . This means that Smithfield is holding prices well when compared to other suburbs in SA.
In the last year 28 properties changed hands in Smithfield, which puts it as the 312th most active market in SA when comparing the number of sales per suburb.
Smithfield is 54th on a list of best yielding suburbs for rents in SA with a 5.62% return
Located around 30km north of the Adelaide CBD, Smithfield is certainly one to watch according to Century 21 chief Charles Tarbey.Full summary
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Located around 30km north of the Adelaide CBD, Smithfield is certainly one to watch according to Century 21 chief Charles Tarbey.
“Smithfield is growing quickly, supported by significant government investment in the area, for example the recently opened Northern Express super highway which links the suburb to the CBD,” he says.
“Currently the area has a number of residential developments under construction, along with new schools, shopping and medical facilities. With the RAAF base expanding into the area – bringing 4,000 personnel and their families – there is great investment potential in the area.”
Add to this an eminently affordable median house price tag, and Smithfield certainly looks like an attractive option.
Smithfield’s vacancy rate has crept up to above 3% in recent times, according to SQM Research, but the influx of defence personnel into the area should help to bring this down.
Smithfield does well for amenities, with the Munno Parra Shopping City being in the suburb, and has its own train station that offers 40-minute trips into the centre of the city.