If you compare the increase in value of investment property in Linden Park, 5065 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.97%.
Over the longer term, Linden Park has seen property prices show investors a 2.89% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Linden Park are currently offering property investors an average price cut of -7.81% below the asking price at the moment.
On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.
Renters in Suburb are facing rents around $24960 per annum or $480 every week.
Over the last year, property investments in Linden Park, 5065 have given investors a capital gain of 16.36%. This compares very favourably with the 3.07% for SA as a whole.
While Linden Park,5065 ranked number 3rd in SA for increase in median house value (annualised) increase, it is ranked 66th over the last 5 years.
Advertised rents are around the $330 mark per week – giving a return of 2.87% based on the median price in Suburb
Following a significant price drop of 13.8% in the 12 months leading up to March 2018, the suburb of Linden Park in Adelaide came back in the last 3 months of that period with a 22.1% boostFull summary
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Ups and downs for apartment market
Median unit price: $513,000
Three-year growth: 17.4%
Rental yield: 3.0%
Following a significant price drop of 13.8% in the 12 months leading up to March 2018, the suburb of Linden Park in Adelaide came back in the last 3 months of that period with a 22.1% boost.
This continues the fluctuating growth trend that has been observed in this area for the past five years. Despite some slips, interest continues to come in and boost Linden Park’s stats – this can be observed in the average time on market for units, which is just 44 days.
Linden Park is part of the City of Burnside, and is only about 15 minutes from the Adelaide CBD. This proximity makes the suburb a great option not just for buyers, but for tenants as well.Close