With a capital gain of 1.10% for the last 12 months, Burnside, 5066 has performed for property investments than its average annual 2.11% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Burnside,5066 has racked up an average of 1.10% over the period. This ranks it number 2587th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Burnside is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in SA
Property investors should expect to get $550 weekly from the median priced house in this suburb.
Burnside is an average performer in SA when comparing median price capital growth over the last year. Burnside gave property investors a average capital gain figure when compared to the rest of the state, with -1.07%.
When looking at the potential capital gains offered to property investors over the last 3 years, Burnside comes in at number 47th in SA.
Property investors should expect to get $315 weekly from the median priced house in this suburb.
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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.