Property investors who have had real estate in Lockleys, 5032 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.87%
Taking the average capital gain, or increase in median house value, Lockleys,5032 has racked up an average of -1.87% over the period. This ranks it number 2824th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Lockleys should be aiming for at least -4.50% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 3.32%
Lockleys has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 26.82% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lockleys has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Lockleys are currently offering property investors an average price cut of -4.88% below the asking price at the moment.
The SA suburb of Lockleys, 5032 is in the West Torrens local government area.