Over the last year, property investments in Hyde Park, 5061 have given investors a capital gain of 18.80%. This compares very favourably with the 2.55% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hyde Park has increased when compared to the 5 year average annual rate.
The most recent median price for Hyde Park is $1485000, with sellers offering an average of -8.95% off the asking price.
Often selling an investment property can take time, and in Hyde Park the average time real estate has been on the market is 63.4 days.
Advertised rents are around the $595 mark per week – giving a return of 2.08% based on the median price in Suburb
Property value increases in Hyde Park have tracked lower than the SA average of 3.07% over the last 12 months.
Hyde Park,5061 was ranked 71 in Australia by increase in median property value over the quarter.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.10% offered to property buyers. Sellers in Hyde Park itself are offering an average vendor discount of -1.75% to real estate investors.
Residents and property investors in Hyde Park have been waiting around 54.85 days to sell a property.
Hyde Park is 192th on a list of best yielding suburbs for rents in SA with a 3.12% return