Giving property investors a a stable capital gain of 20.33% for the last year, Lockleys, 5032 is the 965th highest performer in Australia in this respect.
Lockleys,5032 has offered an average of 20.33% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Lockleys should be aiming for at least -2.88% off the asking price, which is the average vendor discount being achieved at the moment.
Lockleys, 5032’s gross rental yield is 2.86%
SA has seen average median house prices change by 4.52% which means that Lockleys, 5032 has done well for property investors by showing a capital gain of 10.63% over the last year
Lockleys,5032 was ranked 580 in Australia by increase in median property value over the quarter.
Lockleys, 5032’s gross rental yield is 3.76%
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Inner west suburb sees high growth
Median unit price: $385,000
Three-year growth: 11.6%
Rental yield: 4.0%
A five-minute drive from the Adelaide Airport, the suburb of Lockleys is shaping up to have considerable long-term potential in South Australia’s uneven market.
The apartment market saw prices increase by over 25% in the 12 months leading up to January 2018, and the positivity shows no signs of letting up. Nonetheless, the median value remains affordable at under $400,000, making this suburb popular with both first homebuyers and investors alike. Demand appears to be steady, with units spending just 59 days on the market on average.
There are two primary schools in the suburb, including Lockleys North Primary and St. Francis School. The former has a soccer pitch that is open to outsiders. Bicycle riding is popular due to the many cycling tracks along the River Torrens.