Burnside has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.65% to date .
A 16.19% growth in median value for property investors in Burnside,5066 puts this suburb at number 144th in terms of best performing suburbs in SA
In the last year 43 properties changed hands in Burnside, which puts it as the 226th most active market in SA when comparing the number of sales per suburb.
Situated 6.24km from the CBD, Burnside is one of Burnside (C) localities in the postcode 5066.
Burnside has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.12% to date .
Burnside,5066 has offered an average of -4.12% return per annum in house price rises to property investors over the last three years.
The SA suburb of Burnside, 5066 is in the Burnside (C) local government area.
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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.