All About Skye, Burnside, SA, 5072

Skye and Burnside, located in South Australia, present a unique and appealing housing market characterized by their picturesque surroundings and suburban tranquility. Skye, perched on the foothills, offers stunning panoramic views of Adelaide and the coastline, which significantly contributes to the desirability of properties in this region. Homes in Skye often embrace a modern architectural design while blending harmoniously with the natural landscape, making them attractive to both investors and families seeking a serene environment. The housing market here tends to reflect a blend of high demand and limited supply, driving property prices relatively higher compared to other Adelaide suburbs. Burnside, known for its lush greenery and historical charm, complements Skye with its own mix of classic and contemporary housing, showcasing heritage homes alongside newer developments. This blend creates a diverse and dynamic housing market appealing to a range of buyers.

Living in Skye and Burnside offers residents a lifestyle that combines convenience, luxury, and a connection to nature. Nestled close to the Adelaide Hills, these suburbs provide easy access to various outdoor activities, including hiking and wine tasting, catering to those who appreciate an active lifestyle. Burnside Village, a well-known shopping precinct, adds a layer of urban convenience with a selection of boutiques, cafes, and essential services. The community atmosphere in these suburbs is often described as friendly and family-oriented, with excellent schools and parks contributing to a high quality of life. Additionally, the proximity to Adelaide's city center ensures that residents enjoy a peaceful suburban life without sacrificing the benefits of urban amenities, making Skye and Burnside highly sought-after locations for those aspiring to balance both worlds.

Skye Real Estate Market Outlook

Thinking about buying in Skye? Now could not be a better time, with just 169 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,498,000 with prices in this suburb ranging from $612,000 to $1,547,000. The aproximate distance to the coast is 15 Km.

Consistent high demand relative to supply is a key feature in Skye driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Skye 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 Skye provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Skye 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. Lower than average industry presence in Skye 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 Skye a better buying opportunity than it may have been in the past.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!