Southern suburbs Adelaide
A lot of discussion surrounding North and iner-Northern suburbs, I'll pop in my suggestion of the outer Southern Adelaide suburbs, I believe are starting to move upwards after a few years of stagnant slightly negative growth, the last quarterly median for Morphett Vale (with 100 sales ave per Q) showed a new highest ever median of $294,500, after the next highest of $290,000 recorded 2Q 2010. I have 2 IP's in Morphett Vale and always oservating recent sales, i'm now seeing houses sell above asking price for the first time in a few years.
Herron Todd White also mentions Southern suburbs in there latest feature 2014 'the year ahead' :
http://www.htw.com.au/Month_in_Review/Month-in-Review-February-2014.pdf
"One area expected to perform solidly this year
is the outer southern suburbs. Providing a mix
of both established and developing suburbs, on
offer is a wide variety of what would be considered
fairly affordable living options. The area has been
slowly gaining in popularity in recent times due to a
combination of improving amenities including new
and under construction shopping centres as well as
proximity to the southern beaches.
Two new infrastructure projects set to come on
line during 2014 will improve access to these
outer southern suburbs of Adelaide. The railway
line extension from Noarlunga to Seaford is very
close to being opened, with all major works now
completed. This extension includes a new station
and bus interchange at Seaford and a station at
Seaford Meadows. Both have park and ride facilities
accommodating 450 and 550 cars respectively. Also
under construction is the duplication of the Southern
Expressway with completion due some time around
June or July this year. Once completed travel times
to the city and access via public transport will be
significantly improved.
Demand within this area appears to have increased
over the last 12 months possibly in anticipation
of improved access and it is expected that this
increased demand may see capital values improve
during the year. "
A lot of discussion surrounding North and iner-Northern suburbs, I'll pop in my suggestion of the outer Southern Adelaide suburbs, I believe are starting to move upwards after a few years of stagnant slightly negative growth, the last quarterly median for Morphett Vale (with 100 sales ave per Q) showed a new highest ever median of $294,500, after the next highest of $290,000 recorded 2Q 2010. I have 2 IP's in Morphett Vale and always oservating recent sales, i'm now seeing houses sell above asking price for the first time in a few years.
Herron Todd White also mentions Southern suburbs in there latest feature 2014 'the year ahead' :
http://www.htw.com.au/Month_in_Review/Month-in-Review-February-2014.pdf
"One area expected to perform solidly this year
is the outer southern suburbs. Providing a mix
of both established and developing suburbs, on
offer is a wide variety of what would be considered
fairly affordable living options. The area has been
slowly gaining in popularity in recent times due to a
combination of improving amenities including new
and under construction shopping centres as well as
proximity to the southern beaches.
Two new infrastructure projects set to come on
line during 2014 will improve access to these
outer southern suburbs of Adelaide. The railway
line extension from Noarlunga to Seaford is very
close to being opened, with all major works now
completed. This extension includes a new station
and bus interchange at Seaford and a station at
Seaford Meadows. Both have park and ride facilities
accommodating 450 and 550 cars respectively. Also
under construction is the duplication of the Southern
Expressway with completion due some time around
June or July this year. Once completed travel times
to the city and access via public transport will be
significantly improved.
Demand within this area appears to have increased
over the last 12 months possibly in anticipation
of improved access and it is expected that this
increased demand may see capital values improve
during the year. "
)
