Gulfview Heights is located in the North to North-Eastern suburbs of Adelaide between McIntyre Road and the Golden Way. There are approximately 1440 properties in the suburb, housing roughly 3700 residents, which range greatly in price from the more expensive estates up the hill to the more affordable homes closer to Bridge Road. A beautiful suburb which is relatively affluent for the area. Parks, reserves and views are aplenty.
Giving property investors a a poor capital gain of -8.13% for the last year, Gulfview Heights, 5096 is the 3441th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulfview Heights has increased when compared to the 5 year average annual rate.
Property buyers and investors in Gulfview Heights 5096 should be seeing an average reduction in asking price of around -9.40%. This means that Gulfview Heights is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
Gulfview Heights, 5096’s gross rental yield is 5.09%
Gulfview Heights provides great lifestyle options and its large block sizes make it appealing to families. Possessing plenty of parks, natural reserves and playgrounds there is a real community feel to the suburb and people can often be seen exercising in the area. Situated on a hill there are great views of the Gulf and its location alongside similarly affluent suburbs such as Wynn Vale and Golden Grove make it a highly attractive place to live.
Most sought-after properties:
The most sought after properties are the more expensive, large homes situated in the estate off of Bayview Parade in what is locally known as, the Lake Estate. There are some superb premium properties and views in this area, which make this portion of Gulfview Heights a real destination estate for affluent families in the area.
Most common properties:
Being a suburb with such a varied property base make it difficult to define the most common property type. However the most common would be the family orientated 4 bedroom 2 bathroom properties on good size blocks built around the 1980's to 1990's.
Gulfview Heights Primary School is a well regarded school and is the only school in the suburb. There are no shops or other amenities in Gulfview Heights, however, it is close to numerous neighbouring amenities such as multiple private and public schools, medical facilities, sporting clubs and Golden Grove shopping centre and Para Hills Shops.
Local industry and business:
There are numerous retail precints in neighbouring suburbs such as Salisbury, Tea Tree Gully and Elizabeth which employ a lot of the local residents. Many of the residents also work in the Adelaide CBD across a range of industries.
The suburb of Gulfview Heights was only recently formed in 2001 in areas that were previously labelled Salisbury East and Para Hills. The Gulfview Heights Primary School was formerly known as Salisbury South-East Primary School.
If by best streets you are after the most affluent streets in Gulfview Heights than any of the streets off of Bayview Parade in the higher up eastern sections of the suburb are where you would look. This is definitely the blue chip highly sought after section of Gulfview Heights but accordingly you will find that the prices will be higher here than in other parts of the suburb.
There is a public bus service which runs through and around the suburb. Linking the suburb to Tea Tree Plaza and Golden Grove Interchanges as well as the Salisbury Bus/train interchange.
Wynn Vale Drive is the major artery road while Bayview Parade and Kiekebusch Road are the larger secondary arteries for the suburb.