Cumberland Park SA 5041: Property Market Report & Real Estate Insights

Part of Mitcham, SA

Cumberland Park Real Estate Market Outlook

Thinking about buying in Cumberland Park? Now could not be a better time, with 1346 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,034,000 with prices in this suburb ranging from $264,000 to $3,245,000. Cumberland Park is located fairly close to the coast at just 6Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Cumberland Park

Consistent high demand relative to supply is a key feature in Cumberland Park driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Cumberland Park ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Cumberland Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Cumberland Park requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Cumberland Park, a suburb in the City of Mitcham, South Australia, offers a unique blend of suburban tranquility and urban convenience, making it an appealing choice for prospective homebuyers and renters. The housing market in this area reflects its desirability, characterized by a mix of well-maintained character homes and modern developments. Properties in Cumberland Park tend to range from charming pre-war bungalows to contemporary townhouses, catering to diverse aesthetic preferences and lifestyle needs. Despite the competitive nature of the market, it still offers relatively more affordable options compared to its neighboring suburbs closer to the Adelaide CBD. The strong demand is often driven by families attracted to the suburb's excellent schools, such as Westbourne Park Primary School, and proximity to shopping facilities like the Big W and Woolworths Cumberland Park Shopping Centre. Additionally, Cumberland Park's well-serviced public transport routes make commuting straightforward, further boosting its appeal.

Living in Cumberland Park offers a pleasant suburban experience underscored by a vibrant community atmosphere and convenient amenities. Residents enjoy access to an array of recreational facilities, including well-maintained parks and sporting grounds, which provide spaces for outdoor activities and community events. The suburb is also known for its leafy streetscapes and a calm, peaceful environment that is particularly appealing to families and retirees. The local community is active and welcoming, often organizing neighborhood gatherings and community-driven initiatives that foster a strong sense of belonging. With its strategic location, approximately eight kilometers from Adelaide's city center, residents can enjoy the perks of both suburban and city life, with the bustling culture of Adelaide within easy reach. Overall, Cumberland Park offers a balanced lifestyle with its mix of convenience, community spirit, and access to nature.

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