At number 993th in the list of Australian suburbs ordered by increase in median house value over the last year, Hawthorndene, 5051 is in the top 30% with a property value increase of 10.96% recorded in median house prices.
Comparing Hawthorndene,5051 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.01% to buyers in Hawthorndene at the moment, which is less than average for the rest of SA.
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.