If you compare the increase in value of investment property in Bedford Park, 5042 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 6.13%.
When looking at the potential capital gains offered to property investors over the last 3 years, Bedford Park comes in at number 267th in SA.
The SA suburb of Bedford Park, 5042 is in the Mitcham (C) local government area.
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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.