Adelaide

 

The Smartline Report – March Edition

 

The month in review: Adelaide

By Herron Todd White
March 2016

Plympton Park
Much of the housing trust style development within the area has been demolished and more compact style allotments have been created corresponding with a large number of new dwellings being constructed. As a result, the general appeal and appearance of the suburb has been greatly improved. The suburb is situated within eight kilometres of the CBD and is also close to Glenelg Beach and Jetty Road facilities. The suburb is situated adjacent the Adelaide-Glenelg tram which provides access to both of these precincts. There are limited units within this area but there are semi-detached dwellings selling around the mid-$300,000 price. Detached dwellings typically range between $400,000 and $650,000.

Kurralta Park
Kurralta Park offers a mix of character style dwellings, units and townhouses and conventional style housing. It is bordered by a small section of light industrial properties, commercial properties and residential development. The area is increasing in popularity given it is situated within four kilometres of the Adelaide CBD, has a local shopping centre (Coles, Kmart and specialty shops) and there is increasing construction as a result of in-fill development. Existing character housing stock is also being renovated and improved. While demand is high for newly built and existing dwellings, older style units are not experiencing the same level of demand. There are a large number of units situated within Kurralta Park which typically sell at between $180,000 and $350,000. Detached housing typically ranges between $450,000 and $800,000 with increasingly diminishing numbers of properties at the lower end of this range.

Prospect
While Prospect has always been a generally sought after area, there have been sections of the suburb that have not always had the same level of appeal. There is increasing higher density development occurring along Churchill Road and within the western section of Prospect as a result of recent zoning changes which is increasing the appeal of this section of the suburb. Former industrial vacant land and rail yards to the western side of Churchill Road (north of Regency Road) have been redeveloped in recent times with a new Bunnings store, Costco and Churchill shopping centre including Coles, Kmart and specialty shops. There are a large number of units in Prospect which typically sell between $250,000 and $350,000. Dwellings typically range between $450,000 and $800,000 with increasingly diminishing numbers of properties at the lower end of this range.

Magill
Magill has previously been known as a residential area incorporating older housing stock primarily of conventional style. It is situated within close proximity of local shopping and facilities and has numerous local parks and reserves. The Magill Road shopping strip has been gradually improving with new cafes and shops appearing on the Glynburn Road end. Older housing stock is gradually being demolished to make way for newer, modern dwellings. Magill is viewed as a more affordable alternative to the suburb of Norwood and its surrounds. Units and townhouses in Magill generally range between $250,000 and $350,000 with basic studio accommodation offered under this range. Detached housing generally ranges between $450,000 and $900,000 with an increasing number of high quality properties selling in excess of this range.

Renown Park
Renown Park is situated within seven kilometres of the Adelaide CBD and is adjacent to the popular suburbs of Prospect and Brompton and within close proximity of the Croydon and North Adelaide café and restaurant precincts. A passenger train line runs the boundary of the suburb providing good accessibility to the city. Older style housing is being renovated or demolished to make way for new housing. New housing comprises predominantly detached dwellings on compact allotments along with some higher density developments. Given its proximity to the CBD and the popular Croydon area, Renown Park is becoming increasingly popular with first home buyers. Units and townhouses generally range between $200,000 and $350,000 while detached housing generally ranges between $400,000 and $700,000

 

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Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2016. Australian Credit Licence Number 385325

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