SA has seen average median house prices change by 2.25% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 7.73% over the last year
While Edwardstown,5039 ranked number 290th in SA for increase in median house value (annualised) increase, it is ranked 99th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Edwardstown is offering property investors an average of -6.84. This rate of discount on properties puts Suburb at number 100th in terms of most discounted suburbs in SA
A $385 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 3.26%.
If you compare the increase in value of investment property in Edwardstown, 5039 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 9.26%.
In the last year 17 properties changed hands in Edwardstown, which puts it as the 61th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 3.64%, investors should hope to achieve an overall return of 4.85%
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Just 6km southwest of Adelaide, the suburb of Edwardstown is climbing in value.
Median house prices here are just shy of $450,000, whereas the median unit value approaches $300,000, an increase of 4.4%. Growth can be attributed to Edwardstown’s location and affordability.
The suburb houses the Castle Plaza Shopping Centre, providing residents with many necessary amenities. There is also a medical centre.
Edwardstown is surrounded by suburbs like Clovelly Park, which is home to several schools and reserves.
By bus, Adelaide is roughly 20 minutes from Edwardstown. Commuters can also take the train from Edwardstown Railway Station, which serves the Seaford and Tonsley lines.