This property is Off Market
With an average age of 40, households expect an average monthly mortgage payment of $1,171 or a weekly rent payment of $255. The average family earns a weekly income of $1,410 with a typical household size of 2.5 and a 93.38% employment rate.
In New Town there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. 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 New Town 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 New Town 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. Lower than average population density constrains growth in New Town to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in New Town we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make New Town a better buying opportunity than it may have been in the past.
(Country of Birth not stated 10%)
Kadina a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
31 / 100
44 / 100
Industry
10 / 100
34 / 100
Population
18 / 100
37 / 100
House Prices
53 / 100
62 / 100
Jobs
13 / 100
33 / 100
Incidents Trend State Average
St Mary MacKillop School
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Bute Early Learning and Primary School
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Moonta Area School
Moonta, SA, 5558 State U, R-12
Wallaroo Mines Primary School
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Harvest Christian College
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Kadina Memorial School
Kadina, SA, 5554 State U, R-12
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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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