If you compare the increase in value of investment property in Peterhead, 5016 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.21%.
If we look at median property appreciation over just the last three months, Peterhead has given property investors a paper return of 0.72%. This puts Suburb as 177 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Peterhead is giving property investors an average Vendor Discount of around -10.54%. This puts suburb at number 17th in SA when ranking the most discounted suburbs.
In the last year 26 properties changed hands in Peterhead, which puts it as the 296th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Peterhead being $347500 and the advertised rent reaching $382.5 the gross rental yield for property investors calculates out to be 5.72%
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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.