Fulham Gardens has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.52% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Fulham Gardens has increased when compared to the 5 year average annual rate.
Residents and property investors in Fulham Gardens have been waiting around 67.7143 days to sell a property.
Fulham Gardens, 5024’s gross rental yield is 3.73%
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Nature-loving suburb blooms
Median house price: $634,000
Vacancy rate: 1.01%
Three-year growth: 32.08%
Situated in the western part of the Adelaide metropolitan area, Fulham Gardens is flourishing in a market that had faced struggles in past years.
Prices have been rising steadily over a five-year period. In the January 2017 quarter alone, there was over 5% growth. The average vacancy rate slipped from 1.27% in 2016 to just 1.01%, indicating that while rental yields are not very high at 3.7%, investors can expect a steady stream of occupants. Vendors also benefit from the ability to offer low average discounts of 5.12%.
Fulham Gardens has a shopping centre composed of small shops, a bakery and dining establishments. The suburb also houses part of Torrens Linear Park, along with various smaller reserves.
Locals can travel to the Adelaide CBD by car through Tapleys Hill Road and Grange Road. Grange Road also leads to the beach. The Adelaide Metro has bus routes running through this suburb as well.