If you compare the increase in value of investment property in Ridleyton, 5008 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.80%.
If we look at median property appreciation over just the last three months, Ridleyton has given property investors a paper return of 5.69%. This puts Suburb as 54 on a list of fastest fasting appreciating suburbs in SA
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
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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.