Why home buyers are being drawn to the Inner Southern Suburbs.

THE INNER SOUTHERN SUBURBS OF ADELAIDE have some of the most sought after homes in the Adelaide market. Suburbs located on the southern side of Cross Road in the Mitcham Council area are in particular high demand.

Recent data shows that new listing numbers are lower than in previous years meaning that less people are putting their homes on the market and choosing to stay longer. This is one of the key factors that is driving interest in this particular region and more importantly keeping prices on the up.

In particular suburbs such as Clarence Gardens only a handful of properties sell every year. There has not been a single listed property go to market and remain unsold in the past 2 years due to low supply and high demand.

Median house prices. (*June quarter 2016 source: REISA)
Clarence Gardens $612,000
Colonel Light Gardens $715,000
Cumberland Park $812,500
Daw Park $490,000
Hawthorn $970,000
Lower Mitcham $761,000
Melrose Park $515,000
Westbourne Park $820,000

Talking to buyers, one of the most attractive points of these areas are the fact that you can get a similar property as in some of the more blue chip areas such as Unley and Millswood for much less outlay while not having to sacrifice any real lifestyle advantages. Comparing things like shopping and amenities the areas are quite comparable and the additional distance to the city is only minimal (a matter of minutes).

Picture: Courtesy of Lead Estate Agents

Areas such as Clarence Gardens and Cumberland Park boast a high number of early 1900 character homes and large allotments. In addition to the large number of attractive homes, these area are attractive to owner occupiers as the zoning makes it highly unlikely that you will see big blocks chopped up for development due to the fact to do this a developer would require 20m frontage  and a minimum land size of 850m2 for 2 attached dwellings.

There are also numerous parks and sporting grounds with the likes of AA Bailey Reserve in Clarence Gardens, Paige Park, Goodwood Oval, The Orphanage, Edwardstown Oval and Cabra Ovals all providing lots of open space and all within a short distance of each other while the school zones are also sought after, crossing through Westbourne Park, Edwardstown and Black Forest.

Image result for goodwood oval

Picture: Goodwood Oval

The area has been attracting lots of new businesses with the emergence of some excellent new cafes and eateries along the small thoroughfare roads such as East Avenue and Winston. There is the Middle Store in Melrose Park, Sublime in Clarence Park and of course the favourite with the locals, Carnevale Coffee in Clarence Park.

Image result for carnevale coffee

Picture: Carnevale Coffee, East Ave – Clarence Park

We asked the local residents what were there top 5 local loves about living in the area;
1. Close proximity to the CBD
2. Public transport (both tram and train pass through these areas)
3. Shopping and amenities (Cumberland Park, Unley, Castle Plaza, Goodwood Road are all within a short drive/walk of one another)
4. The open space and parks
5. The tree lined streets

DR

 

 

 

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