Over the last year, property investments in South Plympton, 5038 have given investors a capital gain of 9.39%. This compares favourably with the 4.22% for SA as a whole.
A 30.58% growth in median value for property investors in South Plympton,5038 puts this suburb at number 112th in terms of best performing suburbs in SA
South Plympton has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -13.55% to date .
Comparing South Plympton,5038 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
In the last year 44 properties changed hands in South Plympton, which puts it as the 41th most active market in SA when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3660 per annum or $305 every week.
As its older residents move into nursing care or retirement, South Plympton is drawing a diverse crowd that includes students, first homebuyers and young families. Sales agents proclaim it an Adelaide suburb that “keeps creeping up”, thanks to its strong location in the city’s south-west.Full summary
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South Plympton is a quiet suburb tucked away between South Road and the tram line, about 15 minutes southwest of the Adelaide CBD. Drive six kilometres west and you’ll arrive at famous Glenelg Beach. Six kilometres south is Westfield Marion, South Australia’s largest shopping centre.
“It’s one of those little [suburbs] that keeps creeping up,” says Valentine Izdebski, sales consultant at Gary J. Smith First National in Plympton. And that creeping growth has now become a sprint as investors pile into the underpriced and perfectly located suburb.
“It’s not far to get to the airport, Castle Plaza, Westfield Marion, Goodwood Road, train, tram and bus; it’s in a good transport corridor,” Izdebski says. “The other thing we find is that country folk will come down to the city and buy here if their children are going to Flinders [University].”
The most popular parts of South Plympton are at the northern end of the suburb, along the tram line parallel to Pleasant Avenue. “There’s a little triangle of streets there that’s always popular,” Izdebski notes. “Especially Winifred, Kent and Brinkworth, which is a nice wide street.”
As the older generation moves out into nursing care or retirement lifestyle towns, South Plympton is drawing a diverse crowd. The mix of properties, from 1950s-style three- and four-bedders to bungalows and villas, is attracting young families, second and third homebuyers, students and small-scale developers.