Thinking about buying in Glenelg South? Now could not be a better time, with 1682 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,241,000 with prices in this suburb ranging from $315,000 to $5,966,000. Glenelg South is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Glenelg South Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Glenelg South driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Glenelg South 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. The high percentage of professional people in Glenelg South classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Glenelg South 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. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Properties for sale Glenelg South

	unit 23, 14 broadway, glenelg south, sa, 5045	2	1	1	$520,000 TO $550,000
	6 church st, glenelg south, sa, 5045	3	2	2	Contact Agent

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