Over the last year, property investments in Hawthorndene, 5051 have given investors a capital gain of 16.63%. This compares very favourably with the 3.35% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorndene has increased when compared to the 5 year average annual rate.
Hawthorndene, 5051 is offering SA ‘s 319th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
Property investors should expect to get $395 weekly from the median priced house in this suburb.
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
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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.