Thinking about buying in Balhannah? Now could not be a better time, with a whopping 955 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $556,000 with prices in this suburb ranging from $324,000 to $2,268,000.Distance to the coast is 24 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Balhannah are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Balhannah provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Balhannah necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$337.00|
|Median Monthly Mortgage||$1709.50|
|Median Persons Per Bedroom||0.80|
|Average Household Size||2.50|
|Average Cars Per Dwelling||2.68|
|Average Properties Within 50M||6.00|
|27 ONKAPARINGA VALLEY RD, BALHANNAH, SA, 5242||6||3||4||Price undisclosed|
|6 CROSS ST, BALHANNAH, SA, 5242||3||1||1||Under Contract|
None within suburb boundary(While the above schools are located with the suburb of Balhannah there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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