Investment property in Edwardstown has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.14%
The five-year average increase in median property values for Edwardstown,5039 has given property investors a potential capital gain of 12.02% across each of those five years.
The most recent median price for Edwardstown is $482250, with sellers offering an average of -6.96% off the asking price.
Edwardstown, 5039’s gross rental yield is 4.31%
At number 638th in the list of Australian suburbs ordered by increase in median house value over the last year, Edwardstown, 5039 is in the top half with a property value increase of 3.71% recorded in median house prices.
Edwardstown,5039 has offered an average of 3.71% return per annum in house price rises to property investors over the last three years.
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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.