With a capital gain of 11.02% for the last 12 months, Aldinga Beach, 5173 has performed for property investments than its average annual 2.49% property growth over the last 5 years.
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.
Our latest figures would indicate that property sellers in Aldinga Beach are currently offering property investors an average price cut of -3.25% below the asking price at the moment.
At number 1335 in a list of fastest selling suburbs, Aldinga Beach is in the TOP 40% of suburbs in Australia with an average of days on market 47.4645 for properties listed there.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 2.49%, investors should hope to achieve an overall return of 4.53%
With a capital gain of 23.84% for the last 12 months, Aldinga Beach, 5173 has performed for property investments than its average annual 5.81% property growth over the last 5 years.
Aldinga Beach,5173 was ranked 353 in Australia by increase in median property value over the quarter.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 5.81%.
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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.