Investment property in Kidman Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.27%
A 19.15% growth in median value for property investors in Kidman Park,5025 puts this suburb at number 393th in terms of best performing suburbs in SA
Kidman Park5025 is located in SA which offers an average discount of -6.61% to property investors. Kidman Park itself is showing figures that indicate -5.83% is the average achievable by property buyers investing in the suburb.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 1.48%.
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Adelaide offers little breathing room
Median unit price: $399,000
Vacancy rate: 0.4%
Three-year growth: 7.1%
Situated about 7km from the Adelaide CBD, there’s barely room to breathe in Kidman Park.
This suburb’s average vacancy rate is extremely low at just 0.4% as of November 2017 - representing a 0.5% drop from 12 months previously. Nonetheless, the prices of apartments have quickly been dropping as well, with the November 2017 quarter recording a 4.5% decrease and causing the median unit value to drop below $400,000. Even then, rental returns are still high at 5.7%.
Kidman Park Primary School has been established here. Residents are no loss for greenery – the River Torrens can be enjoyed from Linear Park, and Collins Reserve is another recreation spot.
Grange Road links Kidman Park to Adelaide, and buses run from the Findon Road, Grand Road, Valetta Road and Tapleys Hill Road stops.