All About Globe Derby Park, Salisbury, SA, 5110

Globe Derby Park, located in the Salisbury area of South Australia, offers a unique blend of suburban and equestrian lifestyles, making it an intriguing locale for potential homeowners. The housing market in this region is characterized by a mix of traditional family homes and properties with larger plots designed to accommodate horses, reflecting the area's strong ties to harness racing. In recent years, the market has shown moderate growth, with property values steadily increasing as more people are drawn to its semi-rural charm and the lifestyle it offers. Buyers can find relatively affordable options compared to some of the more densely populated suburbs in Adelaide, making it an attractive option for families and equestrian enthusiasts looking for space and tranquility.

Living in Globe Derby Park provides residents with a peaceful environment while still being conveniently close to the amenities offered by the city of Salisbury and greater metropolitan Adelaide. The community is known for its friendly and welcoming atmosphere, where neighbors often share a mutual interest in equestrian activities, given the area's history and facilities for harness racing. Additionally, the suburb offers a range of outdoor spaces and activities, including parks, nature reserves, and walking trails, making it ideal for those who enjoy an active, outdoor lifestyle. Its location provides easy access to shopping centers, schools, and healthcare facilities, ensuring that residents have all necessary services within a comfortable reach while enjoying the serene and spacious setting that Globe Derby Park is known for.

Globe Derby Park Real Estate Market Outlook

Thinking about buying in Globe Derby Park? Now could not be a better time, with just 223 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $319,000 with prices in this suburb ranging from $319,000 to $319,000. Globe Derby Park is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Globe Derby Park are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Globe Derby Park 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 Globe Derby Park 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.

Instant Property Valuation

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