Investment property in Linden Park 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 -2.90%
When looking at the potential capital gains offered to property investors over the last 3 years, Linden Park comes in at number 163th in SA.
In the last year 42 properties changed hands in Linden Park, which puts it as the 206th most active market in SA when comparing the number of sales per suburb.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 3.38%.
Information supplied by:
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.