Linden Park is in the TOP 30% in SA when comparing median price capital growth over the last year. Linden Park gave property investors a good capital gain figure when compared to the rest of the state, with 9.50%.
Linden Park,5065 was ranked 1690 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -7.81% to buyers in Linden Park at the moment, which is less than average for the rest of SA.
In the last year 34 properties changed hands in Linden Park, which puts it as the 274th most active market in SA when comparing the number of sales per suburb.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 3.37%.
Giving property investors a a poor capital gain of -22.89% for the last year, Linden Park, 5065 is the 1706th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Linden Park,5065 has racked up an average of -22.89% over the period. This ranks it number 1183th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Linden Park being $461500 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 3.49%
Apartments in Linden Park offer an opportunity to invest in a high-end suburb at an affordable price tagFull summary
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Units see growth in high-end suburb
Median unit price: $490,500
Three-year growth: -11.2%
Rental yield: 3.7%
Apartments in Linden Park offer an opportunity to invest in a high-end suburb at an affordable price tag.
As far as Adelaide suburbs go, Linden Park is up there with the cream of the crop. It’s a quiet, clean and safe area, close to the CBD. Unit prices sit at a median of $490,500 – an increase of 5.5% over the past 12 months, and 4.3% since 2012.
Populated primarily by mature, professional couples, Linden Park derives its name from the Linden tree and is located in the Burnside local council region in Adelaide’s eastern foothills. Nearby Burnside Village Shopping Centre offers several boutique and designer fashion stores, cafes and luxury health and beauty facilities. With abundant parks and reserves and beautiful older dwellings, it’s easy to see why Linden Park is becoming a premium address for upwardly mobile South Australians.Close