Thinking about buying in Grace Plains? Now could not be a better time, with just 70 residential dwellings it's a highly sought after location.
The average property price for this area is $623,000 with prices in this suburb ranging from $478,000 to $1,026,000.
Distance to the coast is 17 Km.
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Grace Plains due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Grace Plains leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Grace Plains to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Grace Plains the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|801 TRAEGER RD, GRACE PLAINS, SA, 5502||3||1||10||$479,000 - $509,000|
None within suburb boundary(While the above schools are located with the suburb of Grace Plains 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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