If you compare the increase in value of investment property in Risdon Park, 5540 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -19.07%.
A -17.14% growth in median value for property investors in Risdon Park,5540 puts this suburb at number 410th in terms of best performing suburbs in SA
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Risdon Park, 5540. Typically our figures indicate that -9.69% is being offered, which puts this SA suburb at 395th most discounted overall in Australia.
Using the current median advertised rental of $227.5 and the average annual increase in value of a median property of 2.05%, investors should hope to achieve an overall return of 6.80%
SA has seen average median house prices change by 4.44% which means that Risdon Park, 5540 has done well for property investors by showing a capital gain of 9.52% over the last year
Comparing Risdon Park,5540 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
In the last year 14 properties changed hands in Risdon Park, which puts it as the 158th most active market in SA when comparing the number of sales per suburb.
Situated 199.95km from the CBD, Risdon Park is one of Port Pirie City and Dists localities in the postcode 5540.