Thinking about buying in Loveday? Now could not be a better time, with just 465 residential dwellings it's a highly sought after location.
Distance to the coast is 175 Km.
In Loveday there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 Loveday 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 Loveday 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. Medium density in Loveday necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Loveday we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Loveday a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$250.00|
|Median Monthly Mortgage||$987.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.59|
|Average Properties Within 50M||2.00|
|684 THIELE RD, LOVEDAY, SA, 5345||3||1||8||$395,000|
None within suburb boundary(While the above schools are located with the suburb of Loveday 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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