Investment property in Ridleyton has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.82%
Comparing Ridleyton,5008 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $395 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 3.89%.
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.Full summary
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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.Close