SA has seen average median house prices change by 2.55% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 10.74% over the last year
Across a shorter period, Somerton Park, 5044 has seen a median price increase of 5.74% over the last quarter.
Our latest figures would indicate that property sellers in Somerton Park are currently offering property investors an average price cut of -5.24% below the asking price at the moment.
Property investors should expect to get $487.5 weekly from the median priced house in this suburb.
At number 1646th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerton Park, 5044 is in the BOTTOM 10% with a property value increase of -15.76% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Somerton Park has increased when compared to the 5 year average annual rate.
The most recent median price for Somerton Park is $401000, with sellers offering an average of -4.57% off the asking price.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.