Glenside has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 2.91% to date .
The five-year average increase in median property values for Glenside,5065 has given property investors a potential capital gain of 20.68% across each of those five years.
In the last year 24 properties changed hands in Glenside, which puts it as the 351th most active market in SA when comparing the number of sales per suburb.
If you compare the increase in value of investment property in Glenside, 5065 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -19.52%.
If we look at median property appreciation over just the last three months, Glenside has given property investors a paper return of -19.76%. This puts Suburb as 155 on a list of fastest fasting appreciating suburbs in SA
Vendor discounting in Glenside is giving property investors an average Vendor Discount of around -4.74%. This puts suburb at number 13th in SA when ranking the most discounted suburbs.
At number 435 in a list of fastest selling suburbs, Glenside is in the TOP 30% of suburbs in Australia with an average of days on market 50.4 for properties listed there.
With the median price for a house in Glenside being $406000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.74%
Information supplied by:
Scarce Real Estate
08 8332 1022
0411 661 999
Glenside has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.41% to date.
Over the longer term, Glenside has seen property prices show investors a -7.31% return over the last 3 years. This is an improvement over the last 12 months.
Glenside is an extremely stable suburb with strong capital growth over time. It is attractive to potential purchasers due to its proximity to good public and private schools, upmarket shopping and varied house styles.
Most soought-after properties:
Purchasers require properties with some yard space for pools or recreation given the young family focus of the area. Many 1 and 2 bedroom apartments are popular with singles and young couples although these are in the minority. Much of the recent development has been upmarket, new construction on smaller land holding.
Most common properties:
Traditional 3 and 4 bedroom homes in a variety of styles.
Burnside Villlage shopping centre
Local industry and business:
The only local businesses are fashion and other shopping based.
Burnside Village has recently undergone a major, multi-million dollar upgrade. This has seen a great deal of interest in the area, especially for older style homes with the potential to redevelop or replace.
L’Estrange Street, Kyle Street
Major bus routes on the main arterial roads surrounding the suburbs