Four-bedroom South Australian house tops week's sales: RP Data
A four-bedroom house in Somerton Park, South Australia, was the top sale in the country last week.
Built in 2010 and within walking distance of the beach, the house has three bathrooms and in-ground swimming pool, along with a four-car garage plus workshop and further off-street parking.
On the market for 17 days, the 495-square-metre house sits on 925 square metres of land.The property was last sold for $1.21 million in July 2008, for $805,000 in August 2005 and $450,000 in June 2000, according to RP Data.
Somerton Park is located 12 kilometres south-west of Adelaide in sits within the local government area of Holdfast Bay.
In the last 12 months in Somerton Park:
The top 10 sales in Australia last week were (RP Data):
12 Wilkinson Avenue, Somerton Park, SA, 5044, four-bedroom house, sold at auction on January 31 by Toop & Toop Goodwood for $3 million
945 Barrenjoey Road, Palm Beach, NSW, 2108, five-bedroom house, sold on February 2 by Barrenjoey Properties Avalon for $2.159 million
49 Brighton Avenue, Toronto, NSW, 2283, four-bedroom house, sold at auction on January 31 by L J Hooker Toronto for $1.9 million
601/168 Queenscliff Road, Queenscliff, NSW, 2096, three-bedroom unit, sold on January 30 by McGrath Estate Agents for $1.6 million
3/4 Young Street, Paddington, NSW, 2021, three-bedroom unit, sold on January 31 by BresicWhitney Estate Agents Darlinghurst for $1.575 million
47 Griffiths Street, Fairlight, NSW, 2094, four-bedroom house, sold on January 30 by Cunninghams Property Balgowlah for $1.4 million
46 Greenlaw Street, Indooroopilly, QLD, 4068, five-bedroom house, sold at auction on February 2 by Karen Mortland Inner West Specialist for $1.39 million
16 Hillview Street, Sans Souci, NSW, 2219, four-bedroom house, sold at auction on February 2 by PRD Nationwide Woodward for $1.378 million
2 Frederick Street, Malvern, VIC, 3144, three-bedroom house, sold on January 31 by Bennison Mackinnon Armadale for $1.36 million
58 Curry Street, Merewether, NSW, 2291, four-bedroom house, sold on January 31 by PRD Nationwide Newcastle for $1.35 million
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The Mark at Sydney's Central Park
Those who take the time to do some research before tossing a few hundred thousand at an investment property tend to focus on demand, with scant regard for the flipside of the growth equation.