Property investors who have had real estate in Fulham Gardens, 5024 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.00%
Fulham Gardens,5024 was ranked 3425 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Fulham Gardens should be aiming for at least -6.16% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 3.36%.
Fulham Gardens is in the bottom 30% in SA when comparing median price capital growth over the last year. Fulham Gardens gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.02%.
Over the longer term, Fulham Gardens has seen property prices show investors a -7.41% return over the last 3 years. This is an improvement over the last 12 months
Property investors should expect to get $315 weekly from the median priced house in this suburb.
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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.