Investment property in Aldinga Beach has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.45%
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.
Property buyers and investors in Aldinga Beach 5173 should be seeing an average reduction in asking price of around -5.12% . This means that Aldinga Beach is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Aldinga Beach the average time real estate has been on the market is 56.7791 days.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 1.87%, investors should hope to achieve an overall return of 4.90%
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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.