Property investors who have had real estate in Warradale, 5046 should be relatively 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 8.26%
While Warradale,5046 ranked number 108th in SA for increase in median house value (annualised) increase, it is ranked 65th over the last 5 years.
Sellers are offering property buyers an average discount of -5.98% to buyers in Warradale at the moment, which is less than average for the rest of SA.
Situated 10.78km from the CBD, Warradale is one of Marion (C) localities in the postcode 5046.
SA has seen average median house prices change by -0.80% which means that Warradale, 5046 has not done well for property investors by showing a capital gain of 8.87% over the last year
A 11.84% growth in median value for property investors in Warradale,5046 puts this suburb at number 39th in terms of best performing suburbs in SA
The SA suburb of Warradale, 5046 is in the Marion (C) local government area.
The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.Full summary
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Units gain ground in southwest city suburb
Median unit price: $426,000
Three-year growth: 0.24%
Rental yield: 4.15%
The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.
In this quarter, the unit market recorded a high 7% increase in prices, bringing the median price to $426,000. This is up from the 0.24% rise reported three years ago. Apartments are also selling at an average of approximately 4%, indicating that there is reasonable demand. Indeed, the vacancy rate in Warradale is a low 1.4%.
Interest in this suburb may be because it is just over 10km from the CBD. It is also only minutes from West Beach, offering occupants both relaxation and convenience. Commuters are able to easily travel via train and bus, and the suburb is linked to many roads. Warradale is within several school zones, including Brighton High School and Seaview High.Close