Investment property in Smithfield has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.89%
Comparing Smithfield,5114 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Smithfield is $227000, with sellers offering an average of -5.35% off the asking price.
Smithfield is 31th on a list of best yielding suburbs for rents in SA with a 6.19% return
Smithfield, 5114’s gross rental yield is 6.96%
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.