SA has seen average median house prices change by 1.79% which means that Lockleys, 5032 has done well for property investors by showing a capital gain of -0.61% over the last year
Comparing Lockleys,5032 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Lockleys5032 is located in SA which offers an average discount of -5.10% to property investors. Lockleys itself is showing figures that indicate -3.15% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Lockleys being $651000 and the advertised rent reaching $477.5 the gross rental yield for property investors calculates out to be 3.81%
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.