If you compare the increase in value of investment property in Burnside, 5066 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 8.80%.
Across a shorter period, Burnside, 5066 has seen a median price increase of -0.36% over the last quarter.
At number 204th of SA’s most discounted properties, Burnside is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Burnside the average time real estate has been on the market is 71.79 days.
Situated 6.36km from the CBD, Burnside is one of Burnside localities in the postcode 5066.
Property value increases in Burnside have tracked higher than the SA average of 2.87% over the last 12 months.
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.
Property investors looking for a bargain in Burnside should be aiming for at least -3.93% off the asking price, which is the average vendor discount being achieved at the moment.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.33%, without taking into account capital value appreciation, which has been averaging out at 4.24%.
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