Over the last year, property investments in Somerton Park, 5044 have given investors a capital gain of 8.15%. This compares badly with the 10.08% for SA as a whole.
Over the longer term, Somerton Park has seen property prices show investors a 13.45% return over the last 3 years. This is worse than over the last 12 months
Somerton Park, 5044 is offering SA ‘s 61th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
Situated 10.59km from the CBD, Somerton Park is one of Holdfast Bay (C) localities in the postcode 5044.
SA has seen average median house prices change by 4.52% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 3.53% over the last year
Somerton Park,5044 was ranked 356 in Australia by increase in median property value over the quarter.
At number 20th 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.
In the last year 55 properties changed hands in Somerton Park, which puts it as the 21th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.66%, investors should hope to achieve an overall return of 4.14%