Property value increases in Wattle Park have tracked close to the SA average of 2.10% over the last 12 months.
If we look at median property appreciation over just the last three months, Wattle Park has given property investors a paper return of 2.01%. This puts Suburb as 147 on a list of fastest fasting appreciating suburbs in SA
At number 195th of SA’s most discounted properties, Wattle Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.
At number 1427 in a list of fastest selling suburbs, Wattle Park is in the TOP 40% of suburbs in Australia with an average of days on market 72.1905 for properties listed there.
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Wattle Park sits around 8km directly east of the Adelaide CBD, in between Rosslyn Park and Skye, and it’s something of a prestige location, notes Herron Todd White South Australia director Jarrod Harper.
“This is a semi foothills location with 1960s and 1970s homes of good proportions. There are views from many houses, and the distance to Adelaide's top schools and prestige inner eastern shopping is minimal,” he says.
He admits that the median price for houses here (over $700,000 according to RP Data) will put off most investors, but notes that – for those that can afford it – now’s a good time to buy below median priced property.
“The median house price in the area will be falling at the moment so now is a good time to buy and hold in the area. Houses are often over $750,000 in price, but the lower end in the locality is the one to watch,” he explains.
Poor rental yields will also cause many investors to gulp, so if serviceability is an issue then this is perhaps a market to steer clear of until its price correction brings yields up to a more palatable level.