Property investors who have had real estate in Daw Park, 5041 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.60%
A 32.35% growth in median value for property investors in Daw Park,5041 puts this suburb at number 204th in terms of best performing suburbs in SA
In the last year 35 properties changed hands in Daw Park, which puts it as the 248th most active market in SA when comparing the number of sales per suburb.
SA has seen average median house prices change by 1.05% which means that Daw Park, 5041 has done well for property investors by showing a capital gain of -1.54% over the last year
Comparing Daw Park,5041 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Daw Park5041 is located in SA which offers an average discount of -6.88% to property investors. Daw Park itself is showing figures that indicate -6.24% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 1.34%, investors should hope to achieve an overall return of 4.79%
Information supplied by:
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.