Investment property in Hawthorndene has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.70%
The five-year average increase in median property values for Hawthorndene,5051 has given property investors a potential capital gain of 17.28% across each of those five years.
Property investors looking for a bargain in Hawthorndene should be aiming for at least -8.83% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Hawthorndene the average time real estate has been on the market is 87.87 days.
The SA suburb of Hawthorndene, 5051 is in the Mitcham local government area.
At around 12km south of the CBD in the Adelaide Hills, Hawthorndene certainly isn’t an inner-city suburb, but it scores highly for capital growth potential with Redwerks research director Jeremy Sheppard. Driving this growth potential is a demand for houses that outstrips supply.Full summary
Information supplied by:
At around 12km south of the CBD in the Adelaide Hills, Hawthorndene certainly isn’t an inner-city suburb, but it scores highly for capital growth potential with Redwerks research director Jeremy Sheppard. Driving this growth potential is a demand for houses that outstrips supply.
The median price for houses in the suburb is more affordable than neighbouring Glenalta and Blackwood. The monthly vacancy rate sits at around 1%, meaning tenants won’t be hard to come by.
What Hawthorndene’s got going for it is a leafy setting with parks being dotted around the suburb. It also borders the huge Belair National Park. The bulk of the area’s shops and amenities lie along Main Road, in and around the bordering suburbs of Glenalta and Blackwood. Both of these neighbouring suburbs also have train stations, making Hawthorndene a short walk and half-hour train journey from Adelaide central.
And you can get a lot for your money in Hawthorndene. Median priced properties on the market at the time of writing included a four-bedroom, three-bathroom, two-kitchen estate comprising of a house and granny flat; and a three-bedroom, two-bathroom, two-living room house on a 1,126m2 block.
The economic indicators certainly bode well for Hawthorndene. It’s an area with low unemployment (1.8% at last count by the ABS), and its average weekly family income – at $1,479 – was 40% above the statewide figure of $1,052 during the last Census. SQM Research expects this gap hover at around the same level for the next five years.