SA has seen average median house prices change by 1.50% which means that Burnside, 5066 has done well for property investors by showing a capital gain of 2.91% over the last year
Across a shorter period, Burnside, 5066 has seen a median price increase of 6.25% over the last quarter.
Property investors looking for a bargain in Burnside should be aiming for at least -5.95% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $502.5 weekly from the median priced house in this suburb.
Property investors who have had real estate in Burnside, 5066 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.11%
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.
At number 20th of SA’s most discounted properties, Burnside is in the bottom 40% of the state/territory when listing in order of most discounted to least.
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