At number 957th in the list of Australian suburbs ordered by increase in median house value over the last year, Bedford Park, 5042 is in the top 30% with a property value increase of 9.19% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Bedford Park comes in at number 127th in SA.
The most recent median price for Bedford Park is $490000, with sellers offering an average of -12.22% off the asking price.
At number 325 in a list of fastest selling suburbs, Bedford Park is in the TOP 10% of suburbs in Australia with an average of days on market 30.33 for properties listed there.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.
Residents love the suburb of Bedford Park in the south of Adelaide for its safety, convenience and excellent views from the nearby hillsFull summary
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Things get tight
Median house price: $490,000
Vacancy rate: 2.2%
Three-year growth: 12.6%
Residents love the suburb of Bedford Park in the south of Adelaide for its safety, convenience and excellent views from the nearby hills.
The suburb is home to Flinders University and to the Flinders Medical Centre; thus, it’s a perfect residential spot for students and medical personnel. Marion shopping centre is in the vicinity, along with restaurants. Sturt Creek runs close to the suburb, and a local reserve highlights the abundance of nature here. The community-oriented feel also makes Bedford Park an ideal place to bring up a family.
Rental vacancies in this suburb tightened perceptibly in the 12 months to January 2019 as the average vacancy rate went down from 3.5% to 2.2%. This is good news for those looking to capitalise on the convenience. Rent rates are reasonable at an average of $360 per week.Close