Over the last year, property investments in Christies Beach, 5165 have given investors a capital gain of 1.61%. This compares badly with the 3.22% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Christies Beach has increased when compared to the 5 year average annual rate.
At number 233th of SA’s most discounted properties, Christies Beach is in the TOP 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Christies Beach being $347500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.79%
At number 87th in the list of Australian suburbs ordered by increase in median house value over the last year, Christies Beach, 5165 is in the top 10% with a property value increase of 24.57% recorded in median house prices.
Over the longer term, Christies Beach has seen property prices show investors a 24.15% return over the last 3 years. This is an improvement over the last 12 months
At number 144th of SA’s most discounted properties, Christies Beach is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 6.34%.
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.