Park Holme has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 5.05% to date .
The five-year average increase in median property values for Park Holme,5043 has given property investors a potential capital gain of 29.51% across each of those five years.
Property buyers and investors in Park Holme 5043 should be seeing an average reduction in asking price of around -6.38% . This means that Park Holme is holding prices well when compared to other suburbs in SA.
At number 1795 in a list of fastest selling suburbs, Park Holme is just in the top half of suburbs in Australia with an average of days on market 64.73 for properties listed there.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
Just 8km from the Adelaide CBD, the suburb of Park Holme has buyers looking to grab a slice of the unit market pieFull summary
Information supplied by:
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