With a capital gain of -9.56% for the last 12 months, Smithfield, 5114 has performed for property investments than its average annual 2.90% property growth over the last 5 years.
Smithfield, 5114 is offering SA ‘s 198th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
Advertised rents are around the $270 mark per week – giving a return of 5.87% based on the median price in Suburb
Renters in Suburb are facing rents around $2760 per annum or $230 every week.
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.