Property investors who have had real estate in Somerton Park, 5044 should be 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 13.55%
While Somerton Park,5044 ranked number 65th in SA for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.
At number 191th of SA’s most discounted properties, Somerton Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Somerton Park the average time real estate has been on the market is 71.1071 days.
Advertised rents are around the $485 mark per week – giving a return of 2.68% based on the median price in Suburb
If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -14.25%.
If we look at median property appreciation over just the last three months, Somerton Park has given property investors a paper return of -10.03%. This puts Suburb as 95 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Somerton Park is giving property investors an average Vendor Discount of around -8.47%. This puts suburb at number 6th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of 2.23%, investors should hope to achieve an overall return of 4.89%