At number 2189th in the list of Australian suburbs ordered by increase in median house value over the last year, Park Holme, 5043 is in the BOTTOM 50% with a property value increase of 2.24% recorded in median house prices.
Over the longer term, Park Holme has seen property prices show investors a 11.67% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Park Holme is $502500, with sellers offering an average of -5.91% off the asking price.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.39%, investors should hope to achieve an overall return of 4.04%
At number 44th in the list of Australian suburbs ordered by increase in median house value over the last year, Park Holme, 5043 is in the top 10% with a property value increase of 29.42% recorded in median house prices.
Park Holme,5043 has offered an average of 29.42% return per annum in house price rises to property investors over the last three years.
Park Holme5043 is located in SA which offers an average discount of -6.11% to property investors. Park Holme itself is showing figures that indicate -4.96% is the average achievable by property buyers investing in the suburb.
In the last year 38 properties changed hands in Park Holme, which puts it as the 52th most active market in SA when comparing the number of sales per suburb.
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