Klemzig, 5087 ranked 216th in SA when comparing growth in median property values or capital gain over the last 12 months. Klemzig is one of 853 in our list for SA
If we look at median property appreciation over just the last three months, Klemzig has given property investors a paper return of 1.45%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Klemzig should be aiming for at least -5.59% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1626 in a list of fastest selling suburbs, Klemzig is just in the top half of suburbs in Australia with an average of days on market 62.12 for properties listed there.
Advertised rents are around the $372.5 mark per week – giving a return of 3.69% based on the median price in Suburb
If you compare the increase in value of investment property in Klemzig, 5087 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -12.42%.
Across a shorter period, Klemzig, 5087 has seen a median price increase of -4.02% over the last quarter.
Our latest figures would indicate that property sellers in Klemzig are currently offering property investors an average price cut of -9.43% below the asking price at the moment.
At number 617 in a list of fastest selling suburbs, Klemzig is just in the top half of suburbs in Australia with an average of days on market 64.22 for properties listed there.
Klemzig is 12th on a list of best yielding suburbs for rents in SA with a 5.93% return
The Germans who originally settled in this Adelaide suburb gave it its moniker – fitting, given that Klemzig was the first German immigrant hub in the countryFull summary
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Supply slides downwards
Median unit price: $266,000
Stock on market: -18.2%
12-month growth: -7.1%
The Germans who originally settled in this Adelaide suburb gave it its moniker – fitting, given that Klemzig was the first German immigrant hub in the country.
Since then, it has become a hub for young families, primarily because of the presence of several schools in the vicinity, including Klemzig Primary School, Marden Senior College south of the suburb, Vale Park Primary School and Felixstow Community School. The Marden shopping centre is nearby as well.
In the August 2017-2018 period, the supply of property in Klemzig did not move significantly, but both houses and units recorded a drop in the number of properties on the market. In this period, the unit market suffered a 7.1% decrease in values, although the three months to August 2018 indicated some positive recovery, pushing the median price up to $266,000.Close