Ottoway, 5013 ranked 293th in SA when comparing growth in median property values or capital gain over the last 12 months. Ottoway is one of 853 in our list for SA
Comparing Ottoway,5013 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Ottoway should be aiming for at least -6.50% off the asking price, which is the average vendor discount being achieved at the moment.
Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.Full summary
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It’s a tight squeeze inside this industrial suburb
Median house price: $345,000
Vacancy rate: 0.52%
Three-year growth: 18.97%
Despite Adelaide’s ongoing problems with the brain drain and a potential oversupply, the suburb of Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.
The industrial suburb is only 12km from the Adelaide CBD and about 2km from Port Adelaide, which could account for its strong performance given the proximity to both the water and the city. This also means that residents have quick and easy access to the amenities offered by both major areas, including shops and markets, dining, art and entertainment. There are also schools of all levels located in Adelaide, as well as employment opportunities.
With the median house price hovering below $350,000, Ottoway can definitely be seen as an affordable alternative to its more prominent neighbours.Close