Consistent high demand relative to supply is a key feature in Stepney driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Stepney 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 Stepney 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 Stepney 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.
|UNIT 1, 54 HENRY ST, STEPNEY, SA, 5069||2||2||2||Contact Agent|
None within suburb boundary(While the above schools are located with the suburb of Stepney 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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