With a capital gain of 7.82% for the last 12 months, Linden Park, 5065 has performed for property investments than its average annual 2.97% property growth over the last 5 years.
A 35.85% growth in median value for property investors in Linden Park,5065 puts this suburb at number 326th in terms of best performing suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Linden Park itself are offering an average vendor discount of -7.81% to real estate investors.
At number 629 in a list of fastest selling suburbs, Linden Park is in the TOP 20% of suburbs in Australia with an average of days on market 47.6 for properties listed there.
Advertised rents are around the $480 mark per week – giving a return of 2.87% based on the median price in Suburb
Linden Park is in the TOP 10% in SA when comparing median price capital growth over the last year. Linden Park gave property investors a very good capital gain figure when compared to the rest of the state, with 21.81%.
Over the longer term, Linden Park has seen property prices show investors a 38.63% return over the last 3 years. This is worse than over the last 12 months
Following a significant price drop of 13.8% in the 12 months leading up to March 2018, the suburb of Linden Park in Adelaide came back in the last 3 months of that period with a 22.1% boostFull summary
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Ups and downs for apartment market
Median unit price: $513,000
Three-year growth: 17.4%
Rental yield: 3.0%
Following a significant price drop of 13.8% in the 12 months leading up to March 2018, the suburb of Linden Park in Adelaide came back in the last 3 months of that period with a 22.1% boost.
This continues the fluctuating growth trend that has been observed in this area for the past five years. Despite some slips, interest continues to come in and boost Linden Park’s stats – this can be observed in the average time on market for units, which is just 44 days.
Linden Park is part of the City of Burnside, and is only about 15 minutes from the Adelaide CBD. This proximity makes the suburb a great option not just for buyers, but for tenants as well.Close