Investment property in Clarence Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.60%
If we look at median property appreciation over just the last three months, Clarence Park has given property investors a paper return of 1.35%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in SA
Situated 4.36km from the CBD, Clarence Park is one of Unley (C) localities in the postcode 5034.
Giving property investors a a solid capital gain of 12.58% for the last year, Clarence Park, 5034 is the 170th highest performer in Australia in this respect.
Across a shorter period, Clarence Park, 5034 has seen a median price increase of 5.64% over the last quarter.
Renters in Suburb are facing rents around $15600 per annum or $300 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.