If you compare the increase in value of investment property in Hawthorndene, 5051 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.64%.
The five-year average increase in median property values for Hawthorndene,5051 has given property investors a potential capital gain of 28.74% across each of those five years.
Hawthorndene5051 is located in SA which offers an average discount of -6.73% to property investors. Hawthorndene itself is showing figures that indicate -5.46% is the average achievable by property buyers investing in the suburb.
At number 239 in a list of fastest selling suburbs, Hawthorndene is in the TOP 10% of suburbs in Australia with an average of days on market 46.963 for properties listed there.
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At around 12km south of the CBD in the Adelaide Hills, Hawthorndene certainly isn’t an inner-city suburb, but it scores highly for capital growth potential with Redwerks research director Jeremy Sheppard. Driving this growth potential is a demand for houses that outstrips supply.
The median price for houses in the suburb is more affordable than neighbouring Glenalta and Blackwood. The monthly vacancy rate sits at around 1%, meaning tenants won’t be hard to come by.
What Hawthorndene’s got going for it is a leafy setting with parks being dotted around the suburb. It also borders the huge Belair National Park. The bulk of the area’s shops and amenities lie along Main Road, in and around the bordering suburbs of Glenalta and Blackwood. Both of these neighbouring suburbs also have train stations, making Hawthorndene a short walk and half-hour train journey from Adelaide central.
And you can get a lot for your money in Hawthorndene. Median priced properties on the market at the time of writing included a four-bedroom, three-bathroom, two-kitchen estate comprising of a house and granny flat; and a three-bedroom, two-bathroom, two-living room house on a 1,126m2 block.
The economic indicators certainly bode well for Hawthorndene. It’s an area with low unemployment (1.8% at last count by the ABS), and its average weekly family income – at $1,479 – was 40% above the statewide figure of $1,052 during the last Census. SQM Research expects this gap hover at around the same level for the next five years.