Property investors who have had real estate in Risdon Park, 5540 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.49%
While Risdon Park,5540 ranked number 257th in SA for increase in median house value (annualised) increase, it is ranked 393th over the last 5 years.
Property investors looking for a bargain in Risdon Park should be aiming for at least -12.07% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 47 properties changed hands in Risdon Park, which puts it as the 199th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 1.59%, investors should hope to achieve an overall return of 6.64%