Property value increases in Warradale have tracked just higher than the SA average of 2.55% over the last 12 months.
Warradale,5046 has offered an average of 5.54% return per annum in house price rises to property investors over the last three years.
Warradale, 5046 is offering SA ‘s 196th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.
Warradale, 5046’s gross rental yield is 3.63%
Warradale is an average performer in SA when comparing median price capital growth over the last year. Warradale gave property investors a good capital gain figure when compared to the rest of the state, with 5.66%.
Comparing Warradale,5046 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 71th of SA’s most discounted properties, Warradale is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.62%, investors should hope to achieve an overall return of 3.81%
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