With a capital gain of 13.21% for the last 12 months, Bowden, 5007 has performed for property investments than its average annual 3.42% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowden has increased when compared to the 5 year average annual rate.
Situated 3.28km from the CBD, Bowden is one of Charles Sturt (C) localities in the postcode 5007.
At number 901th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowden, 5007 is in the BOTTOM 50% with a property value increase of -3.41% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Bowden,5007 has racked up an average of -3.41% over the period. This ranks it number 910th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.88% offered to property buyers. Sellers in Bowden itself are offering an average vendor discount of -7.15% to real estate investors.
The SA suburb of Bowden, 5007 is in the Charles Sturt (C) local government area.
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Units pop up in food hub
Median unit price: $431,100
Stock on market: 400%
12-month growth: -0.2%
Established in the 1830s and named after a Northamptonshire village, the suburb of Bowden enjoys proximity to the Adelaide CBD while being affordable.
A large number of apartments were released into the market between January 2017 and January 2018, boosting property stock by 400%. Prices have remained relatively flat at a median of just over $430,000.
Bowden is the SA government’s first high-density urban infill project, and is intended to serve as a model of urban renewal for the state’s suburbs. It is a community-oriented area, with a group for bicycle manufacturers, a circus school for kids and a charity centre. The Plant 4 Bowden hub is home to several dining establishments, markets and shops – Bowden is certainly a foodie destination!