At number 1385th in the list of Australian suburbs ordered by increase in median house value over the last year, Flagstaff Hill, 5159 is in the top 40% with a property value increase of 1.75% recorded in median house prices.
Comparing Flagstaff Hill,5159 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Flagstaff Hill5159 is located in SA which offers an average discount of -6.73% to property investors. Flagstaff Hill itself is showing figures that indicate -5.71% is the average achievable by property buyers investing in the suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.17%, without taking into account capital value appreciation, which has been averaging out at 2.72%.
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Stock levels fall
Median house price: $530,000
Stock on market: -28.8%
12-month growth: 8.2%
A suburb that offers the best of both city lights and the shore while providing a peaceful country atmosphere, Flagstaff Hill is popular with residents as a good place to raise a family.
Highlights include the safe atmosphere and the many facilities in town, including several schools. Flagstaff Hill R-7 School, Craigburn Primary School and a couple of kindergarten institutions have been established here. There’s also a golf club and community centre. Flagstaff Hill shopping centre contains dining options, a supermarket and clinic. The suburb is also located near the Sturt Gorge Recreational Park, and maintains many leafy open spaces.
The number of houses on the market dropped considerably from 66 to 47 in the 12 months to February 2019. This could spark more demand and cause property prices to go up further.