Mount Schank, located in the Grant District of South Australia, offers a unique experience in the housing market that is mostly defined by its rural charm and serene environment. The area's housing market is characterized by more affordable opportunities compared to urban centers, with properties typically ranging from modest family homes to larger farm-like estates. This affordability allows a wider range of individuals, from young families to retirees, to consider residing here. The market is relatively stable, and the properties often feature large plots of land, providing privacy and a connection to the surrounding natural beauty. The rolling landscape and the iconic dormant volcano, Mount Schank, add to the picturesque setting, making it an attractive spot for those looking to escape the hustle and bustle of city life.
Living in Mount Schank offers a peaceful, community-oriented lifestyle where residents can enjoy the open spaces and tight-knit community feel. With its proximity to Mount Gambier, residents have access to various amenities and services without the need for long-distance travel, ensuring a balance between seclusion and convenience. The area is ideal for outdoor enthusiasts, offering opportunities for hiking, farming, and exploring the scenic countryside. Community events and local gatherings often strengthen the communal ties among residents, making it a welcoming place for newcomers. Overall, Mount Schank provides a tranquil lifestyle with its scenic backdrop and friendly atmosphere, making it a desirable location for those seeking a quiet, rural setting.
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Thinking about buying in Mount Schank? Now could not be a better time, with just 215 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $984,000 with prices in this suburb ranging from $372,000 to $3,839,000. Mount Schank is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Mount Schank due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Mount Schank leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Medium density in Mount Schank necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Mount Schank the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationAllendale East Area School
(While the above schools are located with the suburb of Mount Schank there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jul | 3.4 | 5.6 | 13.6 | 65.0 | 96.6 | 4.8 | 7.4 |
Aug | 3.3 | 5.7 | 14.5 | 57.5 | 95.8 | 4.9 | 10.3 |
Sept | 2.1 | 7.0 | 17.1 | 51.0 | 95.7 | 4.9 | 14.8 |
Oct | 1.8 | 7.8 | 19.1 | 48.5 | 94.6 | 4.7 | 19.6 |
Nov | 1.5 | 9.1 | 21.8 | 43.1 | 95.1 | 4.8 | 22.8 |
Dec | 1.1 | 10.7 | 24.6 | 38.4 | 93.4 | 5.0 | 25.3 |
Jan | 0.9 | 12.1 | 26.8 | 34.9 | 91.8 | 5.0 | 25.3 |
Feb | 0.9 | 12.6 | 26.6 | 37.5 | 92.3 | 4.9 | 21.1 |
Mar | 1.0 | 11.0 | 23.3 | 43.1 | 94.9 | 4.4 | 16.1 |
Apr | 1.7 | 9.3 | 20.1 | 49.3 | 95.3 | 4.0 | 11.9 |
May | 2.4 | 7.9 | 16.4 | 60.1 | 95.3 | 4.1 | 8.6 |
Jun | 3.1 | 6.0 | 14.1 | 67.3 | 96.9 | 4.1 | 7.5 |
source: Australian Government Bureau of Meteorology
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