SA has seen average median house prices change by 4.12% which means that Linden Park, 5065 has done well for property investors by showing a capital gain of 12.53% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Linden Park has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Linden Park are currently offering property investors an average price cut of -17.67% below the asking price at the moment.
At number 938 in a list of fastest selling suburbs, Linden Park is in the TOP 30% of suburbs in Australia with an average of days on market 52.13 for properties listed there.
Property investors should expect to get $510 weekly from the median priced house in this suburb.
Linden Park, 5065 ranked 170th in SA when comparing growth in median property values or capital gain over the last 12 months. Linden Park is one of 853 in our list for SA
Over the longer term, Linden Park has seen property prices show investors a 17.39% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Linden Park itself are offering an average vendor discount of -8.20% to real estate investors.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.
Apartments in Linden Park offer an opportunity to invest in a high-end suburb at an affordable price tagFull summary
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Units see growth in high-end suburb
Median unit price: $490,500
Three-year growth: -11.2%
Rental yield: 3.7%
Apartments in Linden Park offer an opportunity to invest in a high-end suburb at an affordable price tag.
As far as Adelaide suburbs go, Linden Park is up there with the cream of the crop. It’s a quiet, clean and safe area, close to the CBD. Unit prices sit at a median of $490,500 – an increase of 5.5% over the past 12 months, and 4.3% since 2012.
Populated primarily by mature, professional couples, Linden Park derives its name from the Linden tree and is located in the Burnside local council region in Adelaide’s eastern foothills. Nearby Burnside Village Shopping Centre offers several boutique and designer fashion stores, cafes and luxury health and beauty facilities. With abundant parks and reserves and beautiful older dwellings, it’s easy to see why Linden Park is becoming a premium address for upwardly mobile South Australians.Close