With a capital gain of 0.60% for the last 12 months, Park Holme, 5043 has performed for property investments than its average annual 3.22% property growth over the last 5 years.
The five-year average increase in median property values for Park Holme,5043 has given property investors a potential capital gain of 28.28% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Park Holme is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 205th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Park Holme the average time real estate has been on the market is 46.24 days.
Property investors should expect to get $392.5 weekly from the median priced house in this suburb.
Over the last year, property investments in Park Holme, 5043 have given investors a capital gain of 21.97%. This compares very favourably with the 3.07% for SA as a whole.
Across a shorter period, Park Holme, 5043 has seen a median price increase of 9.89% over the last quarter.
The most recent median price for Park Holme is $457400, with sellers offering an average of -4.51% off the asking price.
Just 8km from the Adelaide CBD, the suburb of Park Holme has buyers looking to grab a slice of the unit market pieFull summary
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Apartments see a boost
Median unit price: $403,000
Three-year growth: 16.9%
Rental yield: 4.5%
Just 8km from the Adelaide CBD, the suburb of Park Holme has buyers looking to grab a slice of the unit market pie.
Such properties are typically staying on the market for only 44 days, with vendors able to negotiate for discounts of 4.3%. Investors can gain 4.5% rental returns on average, and the current median price comes in at a little over $400,000 following a 6.3% increase in apartment prices in the 12 months to April 2018.
While it is a small suburb, Park Holme is effectively served by the M44 and 248 bus routes. The Ascot Park train station is located in the southern end. Ascot Park Primary School is also situated in Park Holme. The suburb is also highly accessible as it is surrounded by Hendrie Street, Oaklands Road, Tarranna Avenue and Marion Road, through which the Adelaide CBD can be reached.Close