Aldinga Beach, 5173 ranked 108th in SA when comparing growth in median property values or capital gain over the last 12 months. Aldinga Beach is one of 853 in our list for SA
Over the longer term, Aldinga Beach has seen property prices show investors a 5.71% return over the last 3 years. This is an improvement over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Aldinga Beach is offering property investors an average of -6.52. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in SA
In the last year 191 properties changed hands in Aldinga Beach, which puts it as the 6th most active market in SA when comparing the number of sales per suburb.
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 fallen somewhat when compared to the 5 year average annual rate.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 6.20%, without taking into account capital value appreciation, which has been averaging out at 7.70%.
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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.