Kidman Park is in the bottom 10% in SA when comparing median price capital growth over the last year. Kidman Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.22%.
Kidman Park,5025 was ranked 3293 in Australia by increase in median property value over the quarter.
Residents and property investors in Kidman Park have been waiting around 66.7333 days to sell a property.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 1.36%, investors should hope to achieve an overall return of 4.09%
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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.