Giving property investors a a stable capital gain of 18.47% for the last year, Clarence Park, 5034 is the 1153th highest performer in Australia in this respect.
A 43.60% growth in median value for property investors in Clarence Park,5034 puts this suburb at number 13th in terms of best performing suburbs in SA
Property investors should expect to get $500 weekly from the median priced house in this suburb.
Investment property in Clarence Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -13.84%
While Clarence Park,5034 ranked number 116th in SA for increase in median house value (annualised) increase, it is ranked 87th over the last 5 years.
Renters in Suburb are facing rents around $16380 per annum or $315 every week.
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Information supplied by:
April 2019
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Units spend a short time on the market
Postcode: 5034
Median unit price: $335,000
Three-year growth: 2.4%
Rental yield: 4.6%
Nestled within the inner south of Adelaide, the suburb of Clarence Park is bordered by several roads, namely, Mills Street, Cross Road and Goodwood Road. The Seaford railway line makes up part of the western boundary.
Despite its proximity to the city and the connecting streets, the suburb boasts a peaceful atmosphere that evokes the countryside. The shopping area is centred at Winston Avenue, which is also peppered with cafes. There’s a Woolsworths supermarket in the area as well. For public transport, residents can take either the bus or the train into the city.
Value growth in Clarence Park’s unit market peaked in the 12 months to January 2019 at 13%. Even though prices have steadily been on the up since 2014 and properties are selling in just 32 days on average, the median value remains under $350,000.