With a capital gain of 0.11% for the last 12 months, Bedford Park, 5042 has performed for property investments than its average annual 3.00% property growth over the last 5 years.
A 12.60% growth in median value for property investors in Bedford Park,5042 puts this suburb at number 419th in terms of best performing suburbs in SA
Residents and property investors in Bedford Park have been waiting around 52.2308 days to sell a property.
The SA suburb of Bedford Park, 5042 is in the Mitcham (C) local government area.
Information supplied by:
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.