SA, 5502 - Adelaide Plains

Thinking about buying in Korunye? Now could not be a better time, with just 169 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $769,000 with prices in this suburb ranging from $702,000 to $922,000. Korunye is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $281.50
Median Monthly Mortgage $1522.50
Median Persons Per Bedroom 0.85
Average Household Size 3.00
Average Age 42.50
Average Income $738.00
Average Cars Per Dwelling 2.63
Average Properties Within 50M 1

Housing Stock

Average Property Prices

4 Bed  $775,000
5 Bed  $750,000

Korunye Real Estate Market Outlook

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 Korunye 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 Korunye 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 Korunye 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 Korunye 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.

Houses for sale Korunye

Elders 296 PRATT RD, KORUNYE, SA, 5502 Beds6 Bathrooms3 Parking 2

Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Korunye there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Korunye weather - Average Local Climate by month

Min (°C)
Max (°C)
Min (%)
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(MJ/sq m)

source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

RedbanksTwo WellsReeves PlainsMiddle BeachMallalaFischerLower LightLewistonWoolshedsPara Wirra

Public Transport

General Points of Interest

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