Thinking about buying in Hackney? Now could not be a better time, with just 493 residential dwellings it's a highly sought after location.
The average property price for this area is $1,034,000 with prices in this suburb ranging from $593,000 to $1,518,000.Distance to the coast is 10 Km.
Consistent high demand relative to supply is a key feature in Hackney driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Hackney 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 Hackney 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 Hackney 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.
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|11 WESTBURY ST, HACKNEY, SA, 5069||4||1||2||Auction Sat 16 Sep 1.00pm (USP)|
St Peter's College
Prince Alfred College
University Senior College at Adelaide University
East Adelaide School
Christian Brothers' College
Norwood Primary School
Specialised Assistance School For Youth (SASY)
Walkerville Primary School
St Aloysius College(While the above schools are located with the suburb of Hackney 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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