Property value increases in Burnside have tracked close to the SA average of 2.55% over the last 12 months.
Over the longer term, Burnside has seen property prices show investors a 4.17% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Burnside are currently offering property investors an average price cut of -4.03% below the asking price at the moment.
Property investors should expect to get $515 weekly from the median priced house in this suburb.
Burnside, 5066 ranked 45th in SA when comparing growth in median property values or capital gain over the last 12 months. Burnside is one of 853 in our list for SA
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Burnside has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Burnside is offering property investors an average of -6.10. This rate of discount on properties puts Suburb at number 160th in terms of most discounted suburbs in SA
Residents and property investors in Burnside have been waiting around 74.12 days to sell a property.
A $372.5 per week rent on the median house gives suburb investors a gross yield of circa 3.52%, without taking into account capital value appreciation, which has been averaging out at 2.46%.
Burnside's median profit margin of $202,500 was the highest in South Australia for the quarter ending December 2016, according to CoreLogic data.Full summary
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Despite Adelaide’s pessimistic market outlook, there are still some bright spots in the area.
“For buyers wanting a nearly assured return on their investment, Burnside is the hottest property in town,” says Gregg Harris, general manager of NAB Retail.
“The leafy eastern suburb’s median profit margin of $202,500 was the highest in the state for the quarter ending December 2016, according to CoreLogic data.”
This suggests that the suburb is getting much demand even with prices dropping. For the unit market, this could be due in part to the median apartment price being below $450,000. Moreover, Burnside is just a 15-minute drive from Adelaide, making it a highly convenient dwelling place.Close