With a capital gain of 1.17% for the last 12 months, Valley View, 5093 has performed for property investments than its average annual 4.04% property growth over the last 5 years.
While Valley View,5093 ranked number 173th in SA for increase in median house value (annualised) increase, it is ranked 179th over the last 5 years.
Valley View may be only 11km from the Adelaide CBD, but it also has a great suburban feel with its abundance of parks, quiet streets and walking trailsFull summary
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Valley View may be only 11km from the Adelaide CBD, but it also has a great suburban feel with its abundance of parks, quiet streets and walking trails.Close
It also benefits from proximity to a wide range of schools, the Westfield Tea Tree Plaza shopping complex and the O-Bahn bus network.
Furthermore, its supply and demand indicators show that there’s a lot of interest gathering momentum in this suburb.
In addition to the vacancy rate of 0.48%, Valley View has an auction clearance rate of 83.3%.
This is no surprise considering this suburb is a very affordable one for both investors and first homebuyers.
Three-bedroom houses around Brougham Drive can be picked up for less than $350,000.
They are only a short walk to the Dry Creek Linear Park, the Tea Tree Plaza shopping complex and Modbury Hospital.
This is also a good suburb for houses to have value added via renovation