Giving property investors a an unimpressive capital gain of 1.17% for the last year, Christies Beach, 5165 is the 2795th highest performer in Australia in this respect.
The five-year average increase in median property values for Christies Beach,5165 has given property investors a potential capital gain of 14.07% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Christies Beach is offering property investors an average of -6.50. This rate of discount on properties puts Suburb at number 283th in terms of most discounted suburbs in SA
Renters in Suburb are facing rents around $3810 per annum or $317.5 every week.
Giving property investors a a solid capital gain of 28.39% for the last year, Christies Beach, 5165 is the 53th highest performer in Australia in this respect.
Christies Beach,5165 was ranked 678 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.06% to buyers in Christies Beach at the moment, which is less than average for the rest of SA.
At number 1245 in a list of fastest selling suburbs, Christies Beach is in the bottom 20% of suburbs in Australia with an average of days on market 108.16 for properties listed there.
Advertised rents are around the $315 mark per week – giving a return of 4.56% based on the median price in Suburb
Christies Beach is a sought after coastal area, located south of Adelaide in the growing Noarlunga area. Recent developments have turned this once quaint town into a thriving hub, where infrastructure services and amenities continue to improve.Full summary
Information supplied by:
Judy Harrow Property
0400 444 445
Selling points: Christies Beach is an older seaside suburb, which is now becoming a very trendy place to retire, build, invest and develop. Its views, locality and access to Adelaide are only a few things to draw people to this area.
The investment/rental market in Christies Beach and the surrounding areas is very strong. There is a lot of activity in the area with the boost in sales which in turn adds to the investment market as well. The current drop in interest rates is fantastic for our area and we are seeing a lot of changes with new developments popping up and being sold to not only owner occupiers but also to investors interstate and local.
Most sought after properties: The most popular are three-bedroom, two-bathroom properties with two carports.
Most common properties: This suburb has it all; older small homes, three-storey apartments with penthouses and also conventional family homes.
Top amenities: There are high quality schools surrounding the suburb. Colonnades shopping complex is only minutes away, as are Coles and Woolworths stores. We have local restaurants such as Blue Seas on the beach; and local bakeries and stores along Beach Rd.
Local industry and business: Most residents work locally with some commuting to the city.
Recent changes: The change has been huge and all for the better. The developments have meant we have a diverse community. Our once little seaside town is now a hub with beautiful parks on the beach, upgraded beach front and a community feel.
Best streets: I believe the best areas to buy are Christies Beach itself, Port Noarlunga South and Seaford. The expressway has made it so easy to commute and the rail extension to Seaford has improved sales immensely and investors as well.
Public transport: Local transport is improving. The rail extension will make a huge difference to commuters, the expressway is used by everyone and the bus service has improved regarding reliability.
Main arteries: South Rd takes you to Victor Harbor; to Jervis Bay for the KI Ferry; and also into town going in the other direction. The other major road is Dyson Rd, which takes you to Glenelg and the city. Between the two is the Southern Expressway for commuters.