At number 1250th in the list of Australian suburbs ordered by increase in median house value over the last year, Willaston, 5118 is in the top 40% with a property value increase of 3.27% recorded in median house prices.
Across a shorter period, Willaston, 5118 has seen a median price increase of 2.56% over the last quarter.
At number 62th of SA’s most discounted properties, Willaston is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 61 properties changed hands in Willaston, which puts it as the 123th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Willaston being $300000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.37%
If we look at median property appreciation over just the last three months, Willaston has given property investors a paper return of 0.00%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Willaston is giving property investors an average Vendor Discount of around -4.96%. This puts suburb at number 52th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Willaston the average time real estate has been on the market is 98.8 days.
Advertised rents are around the $265 mark per week – giving a return of 5.99% based on the median price in Suburb
Information supplied by:
Units generate considerable cash flow
Median unit price: $220,000
Five-year growth: 0.9%
Rental yield: 6.0%
A small, emerging neighbourhood situated at the gateway to the Barossa Valley, Willaston is a suburb that offers everything locals could need – but without the hustle and bustle of the city atmosphere. It’s more of a village feel here, with a range of shops, cafés and restaurants within Willaston and in nearby suburbs, and easy access to local schools.
Apartment stock here is highly affordable from an investment perspective, with a budget of around $200,000 able to secure a good quality two-bedroom unit. With a rental potential of around $250 per week, this is the type of investment that could deliver a strong positive cashflow return.
Willaston is right near the major suburb of Gawler, which has its own train station and a number of major amenities, including retail, restaurants and public transport. For residents who do commute to the city, there is Gawler train station and access to the Sturt Highway.