South Plympton is an average performer in SA when comparing median price capital growth over the last year. South Plympton gave property investors a average capital gain figure when compared to the rest of the state, with 2.86%.
When looking at the potential capital gains offered to property investors over the last 3 years, South Plympton comes in at number 100th in SA.
At number 237th of SA’s most discounted properties, South Plympton is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Giving property investors a an average capital gain of -1.50% for the last year, South Plympton, 5038 is the 748th highest performer in Australia in this respect.
Over the longer term, South Plympton has seen property prices show investors a -5.87% return over the last 3 years. This is an improvement over the last 12 months
Renters in Suburb are facing rents around $15210 per annum or $292.5 every week.
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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.