Lockleys is in the bottom 30% in SA when comparing median price capital growth over the last year. Lockleys gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.88%.
If we look at median property appreciation over just the last three months, Lockleys has given property investors a paper return of -1.00%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Lockleys is giving property investors an average Vendor Discount of around -9.06%. This puts suburb at number 28th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $445 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 3.61%
Information supplied by:
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.