Property investors who have had real estate in Fulham Gardens, 5024 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.76%
Taking the average capital gain, or increase in median house value, Fulham Gardens,5024 has racked up an average of 7.76% over the period. This ranks it number 2672th in the whole country for real estate investors looking at median house price increases.
Fulham Gardens, 5024’s gross rental yield is 3.40%
Fulham Gardens has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 0.97% to date .
While Fulham Gardens,5024 ranked number 122th in SA for increase in median house value (annualised) increase, it is ranked 3rd over the last 5 years.
Residents and property investors in Fulham Gardens have been waiting around 75 days to sell a property.
Fulham Gardens is 154th on a list of best yielding suburbs for rents in SA with a 3.30% return
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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.