Giving property investors a an unimpressive capital gain of -3.99% for the last year, Edwardstown, 5039 is the 2614th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Edwardstown has given property investors a paper return of -2.88%. This puts Suburb as 385 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Edwardstown should be aiming for at least -6.10% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 66 properties changed hands in Edwardstown, which puts it as the 102th most active market in SA when comparing the number of sales per suburb.
Situated 6.32km from the CBD, Edwardstown is one of Marion (C) localities in the postcode 5039.
Edwardstown is in the TOP 10% in SA when comparing median price capital growth over the last year. Edwardstown gave property investors a very good capital gain figure when compared to the rest of the state, with 41.67%.
When looking at the potential capital gains offered to property investors over the last 3 years, Edwardstown comes in at number 4th in SA.
The most recent median price for Edwardstown is $331500, with sellers offering an average of -4.50% off the asking price.
In the last year 19 properties changed hands in Edwardstown, which puts it as the 50th most active market in SA when comparing the number of sales per suburb.
Edwardstown, 5039’s gross rental yield is 4.39%
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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.