Happy Valley, 5159 ranked 271th in SA when comparing growth in median property values or capital gain over the last 12 months. Happy Valley is one of 853 in our list for SA
The five-year average increase in median property values for Happy Valley,5159 has given property investors a potential capital gain of 9.72% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Happy Valley, 5159. Typically our figures indicate that -5.79% is being offered, which puts this SA suburb at 2148th most discounted overall in Australia.
On average over the past year, suburb has had 14.42 sales per month, which equates to 173 per year.
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Happy Valley, located 20km south of Adelaide, down Main South Road, is a suburb that local Ray White rental agent Jason O’Halloran describes as a “sleeping giant.”
O’Halloran says there has been a lack of recent demand in the area, predominantly caused by the wider current financial climate and also buyers biding their time.
“We’ve noticed a lot of interest in the area, but I think people expect median prices to drop even further and I think they are waiting for that to happen before they pounce on the property they want,” he said.
O’Halloran says the area still receives a lot of interest due to its pleasant location and more affordable prices.
“Once you head south from Adelaide, house prices drop dramatically, so people that can’t afford to live in [central Adelaide] are beginning to look down south.”
“The rising plains across Happy Valley also mean that you don’t have to pay very much for a house to get a good view,” he said. Happy Valley is located directly across from a reservoir, which O’Halloran says also contributes to the general quietness of the area.
Houses in Happy Valley consist mainly of three or more bedroom homes, on large sloping blocks.
Locals say there are a good number of schools available, often within walking distance. A family-oriented suburb, Happy Valley features numerous parks, walking trails and wildlife for nature enthusiasts.
The main shopping district has a range of shops and eating facilities and the suburb is a short drive from beaches to the west and the Adelaide CBD to the north.
Better streets include Alta Avenue, which is close to schools and parks, Amberly Drive for its beautiful houses and Rosa Court.