St Marys, 5042 ranked 291th in SA when comparing growth in median property values or capital gain over the last 12 months. St Marys is one of 853 in our list for SA
St Marys,5042 has offered an average of -0.84% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in St Marys 5042 should be seeing an average reduction in asking price of around -4.28% . This means that St Marys is holding prices well when compared to other suburbs in SA.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.43%, without taking into account capital value appreciation, which has been averaging out at 2.95%.
Less than five minutes’ drive to Flinders University and Flinders Medical Centre, St Marys is the next big growth suburb in Adelaide’s southern corridor. Part of the attraction of this suburb is the relatively liberal council subdivision rules.
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Less than five minutes’ drive to Flinders University and Flinders Medical Centre, St Marys is the next big growth suburb in Adelaide’s southern corridor.
“There’s a lot of areas through here that tend to be well-kept secrets,” says Greg Swift, sales consultant at Ray White Marion. “Then all of a sudden they pop up into everybody’s view and they take off from there. Seacombe Gardens/Dover Gardens [5km down the road towards Brighton] went through all of that many years ago; it just went wild with investors. That’s now moving to Clovelly Park and St Marys.”
Part of the attraction of this suburb is the relatively liberal council subdivision rules. “You can subdivide quite tightly in St Marys,” says Swift. “There’s a number of units scattered through there. Mainly, however, they’re the older homes – the bigger block. There hasn’t been a lot of sub-development, but it’s starting now.” The potential here is enormous.
Be careful which end of St Marys you look at, though, as the western side is quite industrial. “All of Pinn Street and Ragless – that’s industrial through there, all commercial. Stay away from that,” Swift advises. “You’d move more towards the Pasadena side. Cashell Street is a very nice, tree-lined street. A lot of older homes there on big blocks, so developers are keen to look at those properties.”
Other popular streets include St Marys Street and Donald Street at the northern end. “That’s a very lovely little pocket,” says Swift. “It’s quiet, it’s close to Daws Road and you’ve got the Repat [General Hospital], which isn’t far away. It’s very tightly held.”