These are the most affordable suburbs close to capital cities for investors to look out for in 2016

August 19, 2016

TWO states dominate the list of suburbs for investors to keep an eye on in 2016.

Suburbs in Western Australia and South Australia have been labelled by realestate.com.au as the best affordable suburbs to invest based on their strong compound annual growth in 2015.

 

South Australia’s Mansfield Park topped the list of suburbs for three-bedroom homes less than $400,000 and within 20km of the CBD. It had a median house price of $375,000 and had a compound annual growth of 6.8 per cent last year.

 

This home at 2A Kent Street, Mansfield Park, is listed for $430,000 - $440,000. Picture: realestate.com.au 

 

There were seven Western Australia suburbs on the list, with Maddington the most prominent.

It had a median house price of $366,500 and recorded compound annual growth of 4.1 per cent last year.

This home at 20 Lancaster Place  Maddington, is listed for offers from $430,000 - $409,000. Picture: realestate.com.au 

 

 

TOP TEN SUBURBS by compound annual growth:

 

Mansfield Park, SA - 6.8 %

Maddington, WA - 4.1%

Salisbury Heights, SA - 4%

Langford, WA - 3.4%

Midvale, WA - 2.9%

Kenwick, WA - 2.8%

Middle Swan, WA - 2.8%

Gosnells, WA - 2.7%

Huntingdale, WA - 2.6%

Queenstown, SA - 2.6%

 

 

 

Read the original article here: http://www.adelaidenow.com.au/news/south-australia/these-are-the-most-affordable-suburbs-close-to-capital-cities-for-investors-to-look-out-for-in-2016/news-story/45a22da25edb68c179202bb8890d17f0 

Please reload

FEATURED POSTS

Wondering if you're eligible for the First Home Owner's Grant?

1/1
Please reload

RECENT POSTS

July 24, 2019

Please reload

ARCHIVE
Please reload

SEARCH BY TAG
FOLLOW US
  • Facebook Basic Square
DISCLAIMER

While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and make no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product.

Angus Estate, Monopoly Property Group

Ground Floor, 185 Fullarton Road, Dulwich South Australia 5065  
info@monopolypg.com

1800 777 674

  • Wix Facebook page

Disclaimer: While every care has been taken to ensure the accuracy of the displayed information, the publisher gives no warranty and take no representation as to the accuracy or sufficiency of any displayed description, photography, illustration or statement because all this information may be subject to change. Readers should make their own enquiries and satisfy themselves as to whether the information provided is current and should seek advice before entering into any contract. Photographs and illustrations displayed are indicative only and may not depict the final product. RLA 272857