Over the last year, property investments in Linden Park, 5065 have given investors a capital gain of 10.44%. This compares very favourably with the 1.26% for SA as a whole.
Linden Park,5065 was ranked 765 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Linden Park is offering property investors an average of -7.76. This rate of discount on properties puts Suburb at number 429th in terms of most discounted suburbs in SA
Situated 4.75km from the CBD, Linden Park is one of Burnside (C) localities in the postcode 5065.
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