Thinking about buying in Reynella? Now could not be a better time, with 2548 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $515,000 with prices in this suburb ranging from $117,000 to $1,818,000. Reynella is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Reynella Real Estate Market Outlook

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. 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 Reynella due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Reynella provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Reynella to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. 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.

Houses for sale Reynella

	39 THAMES DR, REYNELLA, SA, 5161	3	1	1	$660,000-$690,000
	15 MIRRIMAR CR, REYNELLA, SA, 5161	3	1	2	$635,000 TO $670,000
	32 BIMBADENE RD, REYNELLA, SA, 5161	3	1	2	600000

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General Points of Interest

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