Investment property in Park Holme has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.84%
When looking at the potential capital gains offered to property investors over the last 3 years, Park Holme comes in at number 114th in SA.
LACK OF BUYER INTEREST may well be the reason that Park Holme is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 235th in terms of most discounted suburbs in SA
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Park Holme has increased when compared to the 5 year average annual rate.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 0.07%.
Information supplied by:
Apartments see a boost
Median unit price: $403,000
Three-year growth: 16.9%
Rental yield: 4.5%
Just 8km from the Adelaide CBD, the suburb of Park Holme has buyers looking to grab a slice of the unit market pie.
Such properties are typically staying on the market for only 44 days, with vendors able to negotiate for discounts of 4.3%. Investors can gain 4.5% rental returns on average, and the current median price comes in at a little over $400,000 following a 6.3% increase in apartment prices in the 12 months to April 2018.
While it is a small suburb, Park Holme is effectively served by the M44 and 248 bus routes. The Ascot Park train station is located in the southern end. Ascot Park Primary School is also situated in Park Holme. The suburb is also highly accessible as it is surrounded by Hendrie Street, Oaklands Road, Tarranna Avenue and Marion Road, through which the Adelaide CBD can be reached.