Property investors who have had real estate in Valley View, 5093 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.01%
A 20.31% growth in median value for property investors in Valley View,5093 puts this suburb at number 239th in terms of best performing suburbs in SA
Vendor discounting in Valley View is giving property investors an average Vendor Discount of around -5.40%. This puts suburb at number 225th in SA when ranking the most discounted suburbs.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.65%, without taking into account capital value appreciation, which has been averaging out at 3.31%.
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
Information supplied by:
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