At number 3780th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenunga, 5064 is in the BOTTOM 10% with a property value increase of -18.97% recorded in median house prices.
If we look at median property appreciation over just the last three months, Glenunga has given property investors a paper return of -2.43%. This puts Suburb as 331 on a list of fastest fasting appreciating suburbs in SA.
Property buyers and investors in Glenunga 5064 should be seeing an average reduction in asking price of around -9.35% . This means that Glenunga is holding prices well when compared to other suburbs in SA.
Glenunga is located within 5 kilometres of the Adelaide CBD and is attractive to potential purchasers due to its proximity to Glenunga International High School, several private schools and upmarket shopping. It is a very leafy suburb with many trees and has a main park – Glenunga Reserve.
Most sought-after properties:
Most potential purchasers are looking for family focused properties. There are not a great many smaller homes although there are several blocks of higher density housing on the main roads surrounding the suburb. Recent development of older properties has seen some larger, modern design homes being constructed.
Most common properties:
Traditional Bungalow styled homes.
Burnside Villlage shopping centre, Arkaba shopping centre
Variety of smaller shops on Portrush Road
Local industry and business:
There is no major local industry
There has been a great deal of interest in the area, especially for older style homes with the potential to redevelop or replace as Glenunga International High School has attracted overseas families and students.
Major bus routes on the main arterial roads surrounding the suburbs
Glen Osmond Road