At number 1279th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerton Park, 5044 is in the top 40% with a property value increase of 9.61% recorded in median house prices.
Comparing Somerton Park,5044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Somerton Park are currently offering property investors an average price cut of -5.45% below the asking price at the moment.
Renters in Suburb are facing rents around $5760 per annum or $480 every week.
Somerton Park has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -10.11% to date .
The five-year average increase in median property values for Somerton Park,5044 has given property investors a potential capital gain of 21.19% across each of those five years.
Somerton Park5044 is located in SA which offers an average discount of -6.00% to property investors. Somerton Park itself is showing figures that indicate -4.28% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Somerton Park being $409000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.07%