Investment property in Christies Beach has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.55%
Christies Beach,5165 has offered an average of 4.55% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -6.23% to buyers in Christies Beach at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Christies Beach the average time real estate has been on the market is 72.17 days.
Using the current median advertised rental of $305 and the average annual increase in value of a median property of 5.20%, investors should hope to achieve an overall return of 4.60%
If you compare the increase in value of investment property in Christies Beach, 5165 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 3.94%.
Christies Beach,5165 was ranked 22 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Christies Beach is offering property investors an average of -6.06. This rate of discount on properties puts Suburb at number 121th in terms of most discounted suburbs in SA
At number 1233 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 106.94 for properties listed there.
With the median price for a house in Christies Beach being $329500 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 4.10%
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.