Giving property investors a an unimpressive capital gain of 10.05% for the last year, Flagstaff Hill, 5159 is the 2616th highest performer in Australia in this respect.
Flagstaff Hill,5159 has offered an average of 10.05% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Flagstaff Hill are currently offering property investors an average price cut of -2.69% below the asking price at the moment.
The SA suburb of Flagstaff Hill, 5159 is in the Onkaparinga (C) local government area.
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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.