Investment property in Warradale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.83%
While Warradale,5046 ranked number 191th in SA for increase in median house value (annualised) increase, it is ranked 108th over the last 5 years.
At number 198th of SA’s most discounted properties, Warradale is in the middle of the state/territory when listing in order of most discounted to least.
Situated 9.70km from the CBD, Warradale is one of Marion localities in the postcode 5046.
Giving property investors a an average capital gain of 2.39% for the last year, Warradale, 5046 is the 948th highest performer in Australia in this respect.
Over the longer term, Warradale has seen property prices show investors a 9.28% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Warradale itself are offering an average vendor discount of -5.71% to real estate investors.
Residents and property investors in Warradale have been waiting around 44.2 days to sell a property.
Situated 8.46km from the CBD, Warradale is one of Marion localities in the postcode 5046.
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
Information supplied by:
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