All About Medindie, Walkerville, SA, 5081

Medindie, located within the Walkerville area of South Australia, is a highly sought-after suburb known for its lush, tree-lined streets and elegant, heritage-style homes. The housing market in Medindie is characterized by its exclusivity and stability, with a consistent demand for properties in this prestigious neighborhood. Many of the homes are large, period-style residences that have been meticulously maintained or sympathetically modernized, highlighting the suburb's historical charm. Due to its appeal, the market tends to be competitive, with property values reflecting the area's desirability and close proximity to the Adelaide city center. Prospective buyers are often drawn to Medindie for its tranquility and the chance to own a piece of South Australia's architectural heritage.

Living in Medindie offers a unique blend of peaceful suburban life and convenient urban accessibility. Residents enjoy the benefits of being surrounded by beautiful parks and gardens, such as the Medindie Oval and adjacent parklands, providing ample green space for recreation and relaxation. The suburb boasts excellent transport links, making it easy for commuters to reach Adelaide's bustling city center in just a few minutes. Additionally, Medindie is close to quality schools, shopping precincts, and community amenities, making it ideal for families and professionals alike. The strong sense of community, coupled with the area's natural beauty and architectural elegance, make Medindie one of South Australia's most desirable places to live.

Medindie Real Estate Market Outlook

Thinking about buying in Medindie? Now could not be a better time, with 509 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,447,000 with prices in this suburb ranging from $495,000 to $16,871,000. Medindie is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Medindie driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Medindie 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 Medindie provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Medindie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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