If you compare the increase in value of investment property in Klemzig, 5087 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 0.95%.
While Klemzig,5087 ranked number 209th in SA for increase in median house value (annualised) increase, it is ranked 207th over the last 5 years.
Property buyers and investors in Klemzig 5087 should be seeing an average reduction in asking price of around -6.35% . This means that Klemzig is holding prices well when compared to other suburbs in SA.
Residents and property investors in Klemzig have been waiting around 62.25 days to sell a property.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 2.73%, investors should hope to achieve an overall return of 3.88%
Property value increases in Klemzig have tracked higher than the SA average of 2.13% over the last 12 months.
Taking the average capital gain, or increase in median house value, Klemzig,5087 has racked up an average of 13.89% over the period. This ranks it number 1154th in the whole country for real estate investors looking at median house price increases.
Klemzig5087 is located in SA which offers an average discount of -6.93% to property investors. Klemzig itself is showing figures that indicate -10.09% is the average achievable by property buyers investing in the suburb.
A $284 per week rent on the median house gives suburb investors a gross yield of circa 5.76%, without taking into account capital value appreciation, which has been averaging out at 1.83%.
Information supplied by:
Supply slides downwards
Median unit price: $266,000
Stock on market: -18.2%
12-month growth: -7.1%
The Germans who originally settled in this Adelaide suburb gave it its moniker – fitting, given that Klemzig was the first German immigrant hub in the country.
Since then, it has become a hub for young families, primarily because of the presence of several schools in the vicinity, including Klemzig Primary School, Marden Senior College south of the suburb, Vale Park Primary School and Felixstow Community School. The Marden shopping centre is nearby as well.
In the August 2017-2018 period, the supply of property in Klemzig did not move significantly, but both houses and units recorded a drop in the number of properties on the market. In this period, the unit market suffered a 7.1% decrease in values, although the three months to August 2018 indicated some positive recovery, pushing the median price up to $266,000.