With a capital gain of 8.42% for the last 12 months, St Marys, 5042 has performed for property investments than its average annual 2.56% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, St Marys has given property investors a paper return of 1.78%. This puts Suburb as 309 on a list of fastest fasting appreciating suburbs in SA
St Marys is 208th on a list of best yielding suburbs for rents in SA with a 4.04% return
St Marys, 5042 ranked 49th 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
While St Marys,5042 ranked number 126th in SA for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
The SA suburb of St Marys, 5042 is in the Mitcham (C) local government area.
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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.”