This property is Off Market
With an average age of 49, households expect an average monthly mortgage payment of $2,182 or a weekly rent payment of $415. The average family earns a weekly income of $2,113 with a typical household size of 3 and a 96.02% employment rate.
Consistent high demand relative to supply is a key feature in Upper Hermitage driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Upper Hermitage ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Upper Hermitage provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Upper Hermitage requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
(Country of Birth not stated 4%)
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Investability - Housing Demand
South Australia State average 45 / 100
Income
62 / 100
44 / 100
Industry
27 / 100
34 / 100
Population
42 / 100
37 / 100
House Prices
84 / 100
62 / 100
Jobs
32 / 100
33 / 100
Incidents Trend State Average
Banksia Park International High School
Banksia Park, SA, 5091 State 8-12
Banksia Park School R-7
Banksia Park, SA, 5091 State R-7
Tea Tree Gully Primary School
Tea Tree Gully, SA, 5091 State R-7
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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