Highbury has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 7.84% to date .
Across a shorter period, Highbury, 5089 has seen a median price increase of 4.81% over the last quarter.
Highbury, 5089 is offering SA ‘s 93th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.
At number 1204 in a list of fastest selling suburbs, Highbury is in the TOP 40% of suburbs in Australia with an average of days on market 58.9552 for properties listed there.
The SA suburb of Highbury, 5089 is in the Tea Tree Gully (C) local government area.
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Adelaide Hills suburb takes a fall
Median house price: $470,000
Stock on market: -18.9%
12-month growth: -1.1%
Housing stock dropped by nearly 20% in the suburb of Highbury over the July 2017-2018 period, as did prices.
The median house value hit $470,000 following a slight drop of 1.1%. In the three months to July 2018, the decline worsened to 6%, effectively halting the positive trend Highbury had maintained since 2013. The tightening of supply in the market can hopefully spur greater demand.
A suburb at the Adelaide foothills, Highbury has a beautiful location near the River Torrens, with the neighbouring suburbs of Paradise and Athelstone right across. Highbury has a peaceful, community-oriented vibe that appeals greatly to families. There are parks for kids to enjoy, and properties on large blocks of land allow for spacious front or back yards at reasonable prices. Despite the countryside feel, Highbury is less than half an hour’s drive from the Adelaide CBD.