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The suburb’s capital gain of 9.74% for the past year is lower than average compared to its 80.48% growth within a five-year period.
Also in FLAGSTAFF HILL, the median home price is sitting at $980,000, and the average rent at $697.5, this suggests property owners could potentially earn a 3.7% increase in gross rental yield.
Property investors have seen a 2.28% gain in FLAGSTAFF HILL based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.97% growth over a ten-year period. It ranks 1240th on our list of suburbs that property investors should look into.
Flagstaff Hill, located approximately 17 kilometres south of Adelaide’s central business district, is a picturesque and family-friendly suburb in the City of Onkaparinga. Known for its elevated position and scenic views, Flagstaff Hill has become a popular choice for families, retirees, and professionals seeking a blend of suburban tranquillity and access to urban amenities. The population of Flagstaff Hill is around 9,000 residents.
The demographic profile of the suburb is diverse, with a mix of younger families, professionals, and older residents. The area is characterised by a high level of homeownership, with many families choosing Flagstaff Hill for its peaceful environment and proximity to schools and parks. English is the primary language spoken in the area, and the median age of residents is slightly higher than the national average, reflecting its appeal to retirees and long-term homeowners.
Public transportation in Flagstaff Hill is serviced by several bus routes that connect the suburb to Adelaide’s CBD and other surrounding areas. These bus services provide an efficient option for commuters, while the nearby Noarlunga Centre and Coromandel Valley train stations offer alternative transport options for those travelling by train.
Flagstaff Hill is home to a variety of local establishments and recreational opportunities. The Flagstaff Hill Shopping Centre is a central hub for residents, offering supermarkets, cafes, and essential retail services. The suburb also boasts several parks and reserves, including Flagstaff Hill Golf Club, which is a popular destination for golfers and offers scenic views of the surrounding area. Nearby Sturt Gorge Recreation Park provides further opportunities for outdoor activities such as hiking, mountain biking, and picnicking.
Families in Flagstaff Hill have access to a range of educational facilities, including Flagstaff Hill Primary School and nearby secondary schools. The combination of natural beauty, community amenities, and proximity to Adelaide’s CBD makes Flagstaff Hill an appealing suburb for a wide range of residents.