With a capital gain of -6.25% for the last 12 months, Clarence Gardens, 5039 has performed for property investments than its average annual 2.53% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Clarence Gardens comes in at number 341th in SA.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 2.53%.
Information supplied by:
Urban Residential Property Group
08 8271 3666
0424 332 564
Clarence Gardens is located in the inner southern suburbs of the Adelaide Metro area. It is 1 square kilometre. The suburb surrounds ovals and parks which provide a great environment for families. Located only a short distance of 4.5km to the Adelaide CBD
Selling points: Close proximity to the Adelaide CBD and easy access to the Southern Suburbs and coastline. There are numerous schools both private and public, kindergarten and 3 major shopping centres within a 5 minute drive. It is also really affordable with many homes being available under $500,000
Most sought-after properties: Character homes built between 1910 and 1950. Very popular with home renovators due to affordable pricing and large allotments
Most common properties: Mid 1900’s homes
Top amenities: AA Bailey Reserve, Clarence Gardens Lawn Bowls Club
Local industry and business: There are many local shops, cafes and stores in the area but it is predominantly residential with little to no industrial
Recent changes: The council has recently been doing routine maintenance and upgrading of foot paths as well as car parking at AA Baily Reserve has been sealed
Best streets: Chamberlain Avenue, Dinwoodie Avenue, Ackland Avenue and Clovelly Avenue
Public transport: Train, tram and bus
Main arteries: Cross Road and South Road