Giving property investors a an unimpressive capital gain of 2.32% for the last year, Ottoway, 5013 is the 2808th highest performer in Australia in this respect.
Comparing Ottoway,5013 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Ottoway is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 111th in terms of most discounted suburbs in SA
The SA suburb of Ottoway, 5013 is in the Port Adelaide Enfield local government area.
Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.Full summary
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It’s a tight squeeze inside this industrial suburb
Median house price: $345,000
Vacancy rate: 0.52%
Three-year growth: 18.97%
Despite Adelaide’s ongoing problems with the brain drain and a potential oversupply, the suburb of Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.
The industrial suburb is only 12km from the Adelaide CBD and about 2km from Port Adelaide, which could account for its strong performance given the proximity to both the water and the city. This also means that residents have quick and easy access to the amenities offered by both major areas, including shops and markets, dining, art and entertainment. There are also schools of all levels located in Adelaide, as well as employment opportunities.
With the median house price hovering below $350,000, Ottoway can definitely be seen as an affordable alternative to its more prominent neighbours.Close