Kidman Park has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.39% to date .
Across a shorter period, Kidman Park, 5025 has seen a median price increase of 3.09% over the last quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Kidman Park itself are offering an average vendor discount of -6.16% to real estate investors.
Residents and property investors in Kidman Park have been waiting around 55.9167 days to sell a property.
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Kidman Park, SA – Houses flood the market
Median house price: $557,500
Stock on market: 271.4%
12-month growth: -4.5%
About 7km west of the Adelaide CBD is the suburb of Kidman Park, which was first established in 1954. It is tucked right between Grange Road, which facilitates an easy drive to Adelaide, and the River Torrens. The suburb is perfect for large families given its wide open spaces and sizeable properties. Over the past 12 months to October 2019, housing supply skyrocketed.
The Kidman Park Primary School can be found on Dean Avenue, with Collins Reserve on Valetta Road. Through Linear Park, residents can also access the River Torrens, which runs along the park’s boundaries. Adelaide Metro buses stop along Findon Road, Grand Road, Valetta Road and Tapleys Hill Road.