Firle

POSTAL CODE: SA, 5070

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 27.63% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,275,000

The augmented property values in the suburb are trailing above the territorial average of 10.63% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $700.

Home owners selling their properties and realtors in FIRLE usually have to wait an average of 56.3 days days before their assets are lifted off the market.

The SA suburb ranks 281st on the list of best yielding suburbs for rental properties in SA, posting a 2.85% return.

It also places places 253rd in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 22.57% over the last 12 months in FIRLE, translating to lower returns compared with its peers in SA.

A survey of average capital gains or median home price increase in suburbs across the country shows that FIRLE, 5070 obtained a 13.65% growth over a ten-year period. It ranks 1507th on our list of suburbs that property investors should look into.

FIRLE, 5070 has a capital gain of 22.57% for the past year, which is higher than average compared to its 18.52% growth within a five-year period.

With the median home price in FIRLE sitting at $681,500, and the average rent at $500, property owners could potentially earn a 3.82% increase in gross rental yield.

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

FIRLE, 5070 in SA belongs to the local government area of Norwood Payneham and St Peters.

Surburb overview

Firle, situated approximately 7 kilometres east of Adelaide’s central business district, is a small residential suburb in the City of Norwood Payneham & St Peters. With a population of just over 1,500 residents, Firle is known for its quiet streets and convenient location, making it a popular choice for families, professionals, and retirees alike.

The suburb has a diverse demographic, with a mix of younger families and older residents. English is the primary language spoken, but there is also a presence of multicultural communities, contributing to the suburb's varied cultural landscape. The median age of residents is slightly above the national average, with many long-term homeowners choosing to stay in the area due to its peaceful atmosphere and proximity to essential services.

Public transport in Firle is well-established, with several bus routes connecting the suburb to the Adelaide CBD and neighbouring areas. The nearby O-Bahn busway, accessible from surrounding suburbs, offers a rapid and efficient transport option for commuters heading to the city.

Firle is home to the Firle Plaza Shopping Centre, which provides a range of retail options, including a supermarket, specialty stores, and cafes, catering to the daily needs of residents. For recreational activities, residents can enjoy the nearby Adey Reserve, which offers open green spaces, playgrounds, and facilities for sports and leisure. Additionally, the Linear Park Trail, located a short distance away, provides a scenic walking and cycling route along the River Torrens.

Educational facilities in Firle are easily accessible, with nearby schools such as Trinity Gardens School and Norwood Morialta High School serving local families. With its proximity to both the Adelaide CBD and recreational spaces, Firle offers a balanced suburban lifestyle, appealing to a wide range of residents.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,275,000	$681,500
Growth Report
Median Quarterly	2.91%	0.52%
Median 12 month	12.53%	22.57%
Median 3 years	27.63%	44.85%
Median 5 years	74.06%	18.52%
10 years average annual	6.75%	13.65%
Weekly media advert. rent	$700	$500
Time on Market	56.3 days	N/A
Gross Rental Yield Percent	2.85%	3.82%

Demographics (Median Values)*

Total Population 14270

Weekly Household Income 1174

Household Size 2.20

Average Age 41

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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