Peterhead has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 34.74% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Peterhead comes in at number 41th in SA.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.27% offered to property buyers. Sellers in Peterhead itself are offering an average vendor discount of -12.02% to real estate investors.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Advertised rents are around the $212.5 mark per week – giving a return of 8.63% based on the median price in Suburb
Information supplied by:
Slow but steady growth
Median house price: $392,750
Three-year growth: 10.6%
Rental yield: 5.2%
15km from the Adelaide CBD, the suburb of Peterhead offers reasonably priced housing near the conveniences of the city. The median value for houses comes in at just under $400,000 following a price hike of 3.4% in the 12 months to July 2018, continuing an existing trend of consistent and gentle growth.
Peterhead is situated on the LeFevre Peninsula, adjacent to the suburbs of Largs Bay and Birkenhead. The Port River runs along the southern end of Peterhead, while the Outer Harbor railway line borders the suburb in the east and west. There is a museum on Fletcher Road, and a convenience store on Victoria Road.
While the suburb itself is not particularly rich in amenities, it has excellent neighbours providing access to schools, such as LeFevre Primary School in Birkenhead and LeFevre High School in Semaphore South.