At number 2615th in the list of Australian suburbs ordered by increase in median house value over the last year, Flagstaff Hill, 5159 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Flagstaff Hill,5159 has racked up an average of 0.00% over the period. This ranks it number 1318th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Flagstaff Hill itself are offering an average vendor discount of -4.42% to real estate investors.
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.