If you compare the increase in value of investment property in Aldinga Beach, 5173 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.36%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Aldinga Beach has increased when compared to the 5 year average annual rate.
Aldinga Beach, 5173 is offering SA ‘s 191th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
Residents and property investors in Aldinga Beach have been waiting around 61.9214 days to sell a property.
Aldinga Beach, 5173’s gross rental yield is 4.58%
Over the last year, property investments in Aldinga Beach, 5173 have given investors a capital gain of 4.56%. This compares averagely with the 3.97% for SA as a whole.
While Aldinga Beach,5173 ranked number 19th in SA for increase in median house value (annualised) increase, it is ranked 91th over the last 5 years.
Renters in Suburb are facing rents around $15860 per annum or $305 every week.
Information supplied by:
Accessible beach suburb experiences gentle growth
Median unit price: $276,750
Three-year growth: 19.03%
Rental yield: 4.98%
Called “Dingy” by the locals, the suburb of Aldinga Beach is a gentle but fairly consistent performer in the SA unit market.
The suburb’s very affordable apartments, at a median price of under $280,000, definitely helps sustain demand. Returns for investors are also quite high at nearly 5%; meanwhile, sellers see units get picked off the market even with an average discount rate of just 3%.
The relaxed beachside living in Aldinga Beach draws tenants, and it remains commutable for those working in Adelaide. Homes here are also perfect as holiday retreats, since it is surrounded by some of the best beaches in the region.
Residents of Aldinga Beach are very protective of their natural surroundings, with various reserves, parks and wetlands safeguarding the local flora and fauna.