Thinking about buying in Smithfield? Now could not be a better time, with 4166 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $638,000 with prices in this suburb ranging from $115,000 to $2,743,000. Smithfield 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.

Smithfield Real Estate Market Outlook

In Smithfield 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. Low average incomes in Smithfield is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Smithfield 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 Smithfield 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 Smithfield 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 Smithfield a better buying opportunity than it may have been in the past.

Houses for sale Smithfield

	38 hamra dr, smithfield, sa, 5114	2	1	1	Please Call
	6 rose st, smithfield, sa, 5114	3	1	4	Please Call
	11 dylan ct, smithfield, sa, 5114	3	1	2	475000

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