Property investors who have had real estate in Thebarton, 5031 should be relatively pleased 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 7.44%
Taking the average capital gain, or increase in median house value, Thebarton,5031 has racked up an average of 7.44% over the period. This ranks it number 528th in the whole country for real estate investors looking at median house price increases.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.33%, investors should hope to achieve an overall return of 3.52%
Information supplied by:
Median House Price: $612k
Current Yield (houses): 3.8%
Average annual growth (houses): 5.3%
A convenient 4.1km from Adelaide’s central business district, Thebarton has emerged as a thriving suburb, teeming with stylish cafes, restaurants and shops. The median house price sits at $612k and values have climbed a considerable average annual growth rate of 5.3%
The city can be reached by walking distance or by a free local tram connection.
“It is in the early stages of gentrification and attracting young professionals who work in the city and can afford to pay relatively high rents to live close to their work,” shares Peter Koulizos, program director of the Master of Property at the University of Adelaide.
“The university campuses and TAFE within the city centre attract students to this suburb as they wish to be close to their place of study.”
Investors can potentially pocket a median weekly rental income of $450 for units, and the gross rental yield for units come in at 3.8%.
There are a number of schools in the immediate and surrounding region, and Royal Adelaide Hospital can be reached within a 7-minute drive.
Considering Thebarton’s ease of access to the city, house values are relatively advantageous, and values show potential to incline alongside the suburb’s ongoing upscaling.