Thinking about buying in Summertown? Now could not be a better time, with just 433 residential dwellings it's a highly sought after location.
The average property price for this area is $975,000 with prices in this suburb ranging from $234,000 to $1,485,000.
Distance to the coast is 18 Km.
|Median Weekly Rent||$365.00|
|Median Monthly Mortgage||$1997.00|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.46|
|Average Properties Within 50M||3|
|3 Bed $1,029,000|
|4 Bed $923,000|
Consistent high demand relative to supply is a key feature in Summertown driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Summertown 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 Summertown provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Summertown necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.
|29 RIDGE RD, SUMMERTOWN, SA, 5141||5||2||2||Expressions of Interest Closing 06.12.2023|
Uraidla Primary School(While the above schools are located with the suburb of Summertown 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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