Property investors who have had real estate in Hackham, 5163 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.38%
The five-year average increase in median property values for Hackham,5163 has given property investors a potential capital gain of 1.92% across each of those five years.
The most recent median price for Hackham is $265000, with sellers offering an average of -6.61% off the asking price.
Often selling an investment property can take time, and in Hackham the average time real estate has been on the market is 70.12 days.
Advertised rents are around the $310 mark per week – giving a return of 6.08% based on the median price in Suburb
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.