Thinking about buying in Lower Hermitage? Now could not be a better time, with just 101 residential dwellings it's a highly sought after location.
The average property price for this area is $721,000 with prices in this suburb ranging from $632,000 to $810,000.Distance to the coast is 17 Km.
Consistent high demand relative to supply is a key feature in Lower Hermitage driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Lower Hermitage 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. A mix of professions and above average income earners in Lower Hermitage provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Lower Hermitage 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. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
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|Average Properties Within 50M||3.00|
|516 LOWER HERMITAGE RD, LOWER HERMITAGE, SA, 5131||4||2||12||Under Offer|
None within suburb boundary(While the above schools are located with the suburb of Lower Hermitage 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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