Smithfield, 5114 ranked 87th in SA when comparing growth in median property values or capital gain over the last 12 months. Smithfield is one of 853 in our list for SA
While Smithfield,5114 ranked number 46th in SA for increase in median house value (annualised) increase, it is ranked 257th over the last 5 years.
Vendor discounting in Smithfield is giving property investors an average Vendor Discount of around -3.91%. This puts suburb at number 354th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 4.38%, investors should hope to achieve an overall return of 5.31%
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.