Over the last year, property investments in Ridgehaven, 5097 have given investors a capital gain of 1.27%. This compares averagely with the 1.79% for SA as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Ridgehaven comes in at number 70th in SA.
In the last year 52 properties changed hands in Ridgehaven, which puts it as the 129th most active market in SA when comparing the number of sales per suburb.
Ridgehaven, 5097’s gross rental yield is 4.52%
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Rental market tightens
Median unit price: $269,000
Vacancy rate: 0.5%
Three-year growth: 1.5%
One of the north-eastern suburbs located 15km from the Adelaide CBD, Ridgehaven was first developed in the 1950s, with the majority of housing construction happening over the 1960s.
Tenants will struggle to find properties open for rent here, as the vacancy rate tightened from 0.8% to 0.5% in the year to March 2019. The weekly average rent rate as of January 2019 comes in at $300, with investors able to reap high returns of 5.8% on average.
Ridgehaven Primary School is situated on Milne Road, which is the northern boundary of the suburb. Shopping and entertainment facilities can also be found in each corner of Ridgehaven, and the O-Bahn transport system is close by. Moreover, Henley Beach is less than an hour away by car, and there are cycling and walking paths lining the suburb and passing through the local parklands.