Wayville has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -6.32% to date .
Across a shorter period, Wayville, 5034 has seen a median price increase of 4.94% over the last quarter.
Wayville, 5034’s gross rental yield is 2.83%
Giving property investors a a solid capital gain of 35.71% for the last year, Wayville, 5034 is the 19th highest performer in Australia in this respect.
A 44.60% growth in median value for property investors in Wayville,5034 puts this suburb at number 17th in terms of best performing suburbs in SA
Renters in Suburb are facing rents around $18200 per annum or $350 every week.
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Apartments sell quickly
Median unit price: $412,500
Three-year growth: -5.7%
Rental yield: 4.2%
Famous for hosting the Royal Adelaide Show, the suburb of Wayville is the site of the Adelaide Showgrounds.
After a stumble in 2015, Wayville is back in the black, with a remarkable surge of 25% growth recorded over the December 2018 quarter. This brings the median unit value up to $412,500. Moreover, units are on the market for just 35 days.
This suburb is rich in culture, with several historical architectures and cultural sights. Aside from the Royal Adelaide Show, a weekly farmers market is held on the showgrounds to showcase local produce by South Australians. The Alliance Française d’Adelaide branch in Wayville highlights French culture by offering language classes and holding events like music and film festivals.
Educational institutions here include the Fusion Business College, which caters to retail businesses, and Central Queensland University’s Appleton Institute.