Largs Bay is in the TOP 30% in SA when comparing median price capital growth over the last year. Largs Bay gave property investors a good capital gain figure when compared to the rest of the state, with 7.46%.
Largs Bay,5016 has offered an average of 7.46% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Largs Bay is offering property investors an average of -5.10. This rate of discount on properties puts Suburb at number 125th in terms of most discounted suburbs in SA
Advertised rents are around the $430 mark per week – giving a return of 4.00% based on the median price in Suburb
Information supplied by:
Tom Walsh
Walsh Real Estate
M
08 8242 3830
O
0412 844 861
W
www.walshre.com.au
E
[email protected]
Investment property in Suburb 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 -4.46%.
While Largs Bay,5016 ranked number 348th in SA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Largs Bay, 5016. Typically our figures indicate that -5.41% is being offered, which puts this SA suburb at 3398th most discounted overall in Australia.
Situated 14.69km from the CBD, Largs Bay is one of Port Adelaide Enfield localities in the postcode 5016.
Selling points:
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Close to beach and CBD
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Many varied styles of homes and post war with large blocks
Most sought-after properties:
Old style villas and bungalows and corner blocks
Most common properties:
Post war homes
Top amenities:
Beach
Local industry and business:
ASC and Naval hub
Recent changes:
Sub-divisions (Medium to small)
Best streets:
Esplanade, Military Road, Alexander Street, Anthony Street
Public transport:
Both bus and train
Main arteries:
Port/ Torrens roads