Property value increases in Largs Bay have tracked just lower than the SA average of 1.50% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Largs Bay has increased when compared to the 5 year average annual rate.
Vendor discounting in Largs Bay is giving property investors an average Vendor Discount of around -3.87%. This puts suburb at number 292th in SA when ranking the most discounted suburbs.
In the last year 54 properties changed hands in Largs Bay, which puts it as the 168th most active market in SA when comparing the number of sales per suburb.
Situated 14.67km from the CBD, Largs Bay is one of Port Adelaide Enfield (C) localities in the postcode 5016.
Information supplied by:
Tom Walsh
Walsh Real Estate
M
08 8242 3830
O
0412 844 861
W
www.walshre.com.au
E
tom@walshre.com.au
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.Full summary
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
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