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 3.45%
While Klemzig,5087 ranked number 254th in SA for increase in median house value (annualised) increase, it is ranked 158th over the last 5 years.
The most recent median price for Klemzig is $525000, with sellers offering an average of -6.38% off the asking price.
In the last year 89 properties changed hands in Klemzig, which puts it as the 61th most active market in SA when comparing the number of sales per suburb.
Klemzig has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -9.76% to date .
Klemzig,5087 was ranked 260 in Australia by increase in median property value over the quarter.
Klemzig, 5087 is offering SA ‘s 87th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.
Situated 6.48km from the CBD, Klemzig is one of Port Adelaide Enfield (C) localities in the postcode 5087.
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 countryFull summary
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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.Close