At number 3068th in the list of Australian suburbs ordered by increase in median house value over the last year, Hackham, 5163 is in the BOTTOM 30% with a property value increase of 0.18% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Hackham comes in at number 318th in SA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hackham, 5163. Typically our figures indicate that -6.85% is being offered, which puts this SA suburb at 1112th most discounted overall in Australia.
Often selling an investment property can take time, and in Hackham the average time real estate has been on the market is 71.18 days.
With the median price for a house in Hackham being $275500 and the advertised rent reaching $305 the gross rental yield for property investors calculates out to be 5.76%
Hackham provides a wide variety of properties – big blocks of over 1000sqm with large family homes, traditional three bedroom homes sitting on about 600sqm of land and new courtyard style homes for people who prefer less land and little maintenance. It’s a smaller suburb with low rental vacancy and more owner occupiers than renters. Full summary
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Selling points: Hackham provides a wide variety of properties – big blocks of over 1000sqm with large family homes, traditional three bedroom homes sitting on about 600sqm of land and new courtyard style homes for people who prefer less land and little maintenance. It’s a smaller suburb with low rental vacancy and more owner occupiers than renters.
Most sort after properties: Newly built courtyard / villa 3 bedroom, 2 bathroom double garage homes on about 400sqm
Most common properties: 3 bedroom, 1 bathroom, 1 car space, conventional block size 650sqm
Top amenities: Hackham East Primary School, Foodland Supermarket on Collins Parade, Woolworths supermarket on Penney’s Hill Road.
Local industry and business: There is a small industrial area south of Cottage Lane, where there is a bottle and can recycling depot, car mechanics and a few other small businesses.
Recent changes: City of Onkaparing Council as part of the Development Plan Amendment is in the process of changing zoning of Rural Living to Residential. They are also upgrading roads such as Cottage Lane to allow for progress of development. Most properties that are Residential are zoned medium density, meaning conventional blocks may be sub-divided subject to council approval
Best streets: Vintage Avenue, Michael Avenue for the best of the older style and Mountain Ash Court for newer courtyard living.
Public transport: Many bus stops throughout the area with bus routes to Colonnades Shopping Centre, Noarlunga Train Line, Woodcroft Shopping Centre and Adelaide City.
Main arteries: Hackham is quite a square shaped suburb with Doctors, South, States Roads and Cottage Lane being the main roads in and out of the area, with Collins Parade running through the middle of the Suburb.