At number 1528th in the list of Australian suburbs ordered by increase in median house value over the last year, Daw Park, 5041 is in the top 40% with a property value increase of 9.96% recorded in median house prices.
The five-year average increase in median property values for Daw Park,5041 has given property investors a potential capital gain of 31.18% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Daw Park is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 321th in terms of most discounted suburbs in SA
Property value increases in Daw Park have tracked close to the SA average of 3.17% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Daw Park comes in at number 122th in SA.
Vendor discounting in Daw Park is giving property investors an average Vendor Discount of around -7.05%. This puts suburb at number 42th in SA when ranking the most discounted suburbs.
Residents and property investors in Daw Park have been waiting around 65.8 days to sell a property.
With the median price for a house in Daw Park being $304000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 5.05%
Daw Park has considerable long-term potential, seeing as it has been on the up for the past five years. Over the December 2016 quarter, Daw Park recorded nearly 14% growth, culminating in a strong 12.5% rise for the previous 12 months. Rental yields are not very high; however, sellers profit through being able to offer discount rates lower than 5%.Full summary
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Inner city suburb draws residents with accessibility
Median house price: $570,000
Three-year growth: 20.10%
Rental yield: 3.60%
Situated in the inner southern part of Adelaide, Daw Park is home to the Repatriation General Hospital, which focuses on caring for veterans.
This suburb has considerable long-term potential, seeing as it has been on the up for the past five years. Over the December 2016 quarter, Daw Park recorded nearly 14% growth, culminating in a strong 12.5% rise for the previous 12 months. Rental yields are not very high; however, sellers profit through being able to offer discount rates lower than 5%.
Daw Park is surrounded by Colonel Light Gardens, Cumberland Park and Melrose Park, providing residents with access to amenities such as parks, gardens, bicycle trails, sporting clubs and schools. Daw Park is also just roughly 15 minutes south of the Adelaide CBD via Goodwood Road, with bus services offered to commuters. This proximity adds to Daw Park’s appeal to buyers.Close