SA has seen average median house prices change by 2.10% which means that Ridleyton, 5008 has done well for property investors by showing a capital gain of 4.17% over the last year
Taking the average capital gain, or increase in median house value, Ridleyton,5008 has racked up an average of 4.17% over the period. This ranks it number 3239th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.
Information supplied by:
Central shopping district maintains upswing
Median house price: $520,000
Three-year growth: 19.54%
Rental yield: 3.70%
Within the inner northern region of Adelaide just 4.3km from the CBD, the suburb of Ridleyton is on the rise.
It is a central hub for shopping, with the Ridleyton Central Shopping Centre serving not only Ridleyton but neighbours Croydon, Renown Park, Brompton and Hindmarsh. The complex contains a pharmacy, bakery and supermarket. In addition, Ridleyton residents are close to the dining centres on Hawker Street and Elizabeth Street. For those who favour nature, Albert Greenshields Reserve provides a barbecue spot, playing field and playground, while being located alongside a creek.
House prices are at a median of $520,000, a reasonable price considering its location. The growth trend for the past five years has also been strong, with a 13.5% increase being recorded in the past 12 months. The average discount rate of 4.2% benefits sellers, although yields may be low for investors.