SA has seen average median house prices change by 1.79% which means that Thebarton, 5031 has done well for property investors by showing a capital gain of 10.68% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Thebarton has increased when compared to the 5 year average annual rate.
Advertised rents are around the $420 mark per week – giving a return of 3.24% based on the median price in Suburb
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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.