Investment property in Klemzig has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.40%
The five-year average increase in median property values for Klemzig,5087 has given property investors a potential capital gain of 16.46% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Klemzig, 5087. Typically our figures indicate that -5.80% is being offered, which puts this SA suburb at 1960th most discounted overall in Australia.
Often selling an investment property can take time, and in Klemzig the average time real estate has been on the market is 62.6667 days.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Klemzig, 5087 ranked 48th in SA when comparing growth in median property values or capital gain over the last 12 months. Klemzig is one of 853 in our list for SA
The five-year average increase in median property values for Klemzig,5087 has given property investors a potential capital gain of -3.85% across each of those five years.
At number 2nd of SA’s most discounted properties, Klemzig is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Klemzig have been waiting around 73.5 days to sell a property.
Renters in Suburb are facing rents around $14560 per annum or $280 every week.
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.