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AREA REPORTS

Somerton Park

Suburb Profile

Somerton Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5044

house
unit

Property investors enjoyed capital gains of 4.33% over the last 12 months in SOMERTON PARK, translating to lower returns compared with its peers in SA.

Figures from the previous quarter show that capital gains for real estate buyers in SOMERTON PARK are low, as opposed to average gains per annum over the past five years.

The suburb posted a 29.87% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $467.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $467.5 mark, reflecting a 2.43% increase in returns based on the current median price in SOMERTON PARK.

SOMERTON PARK, 5044 ranks 194th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 333rd on the list of best yielding suburbs for rental properties in SA, posting a 2.43% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,000,000 $399,500
GROWTH REPORT
Median Quarterly 5.26% -8.16%
Median 12 month 4.33% 5.83%
Median 3 years 29.87% -2.56%
Median 5 years 41.84% 16.56%
10 years average annual 3.62% 2.52%
Weekly media advert. rent $467.5 $325
Time on Market 70.1 days 62.8 days
Gross Rental Yield Percent 2.43% 4.23%
demographics (median values)
Total Population
5506
Weekly Household Income
908.2
Household Size
2.10
demographics
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