Peterhead, 5016 ranked 368th in SA when comparing growth in median property values or capital gain over the last 12 months. Peterhead is one of 853 in our list for SA
Comparing Peterhead,5016 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Peterhead, 5016 is offering SA ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this SA.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 2.18%, investors should hope to achieve an overall return of 5.67%
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Slow but steady growth
Median house price: $392,750
Three-year growth: 10.6%
Rental yield: 5.2%
15km from the Adelaide CBD, the suburb of Peterhead offers reasonably priced housing near the conveniences of the city. The median value for houses comes in at just under $400,000 following a price hike of 3.4% in the 12 months to July 2018, continuing an existing trend of consistent and gentle growth.
Peterhead is situated on the LeFevre Peninsula, adjacent to the suburbs of Largs Bay and Birkenhead. The Port River runs along the southern end of Peterhead, while the Outer Harbor railway line borders the suburb in the east and west. There is a museum on Fletcher Road, and a convenience store on Victoria Road.
While the suburb itself is not particularly rich in amenities, it has excellent neighbours providing access to schools, such as LeFevre Primary School in Birkenhead and LeFevre High School in Semaphore South.