All About Upper Hermitage, Adelaide Hills, SA, 5131

Upper Hermitage, located in the picturesque Adelaide Hills of South Australia, offers a unique slice of tranquility while still being within reasonable commuting distance to the Adelaide city center. The housing market in Upper Hermitage is characterized by a blend of larger properties and rural lifestyles, often appealing to buyers who are looking for space and a connection to nature. Properties in this area tend to include expansive gardens, charming traditional homes, and the occasional vineyard, reflecting the region's rich history and agricultural heritage. The market here can be competitive, with demand driven by buyers who seek the scenic beauty and peaceful living environment that Upper Hermitage provides.

Living in Upper Hermitage is ideal for those who appreciate a serene, countryside lifestyle with a close-knit community feel. Residents enjoy the benefits of having local wineries, artisanal producers, and national parks right at their doorstep, offering endless opportunities for outdoor activities and leisurely weekends. The area's natural beauty is complemented by a strong sense of community, with various local events fostering neighborhood bonds. Despite its rural setting, Upper Hermitage isn’t too far removed from modern conveniences, with essential amenities available in nearby hubs like Tea Tree Gully. The area is perfectly suited to those who value a balanced life, where they can escape the hustle and bustle of the city while still maintaining access to the cultural and economic opportunities of Adelaide.

Upper Hermitage Real Estate Market Outlook

Thinking about buying in Upper Hermitage? Now could not be a better time, with just 241 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $864,000 with prices in this suburb ranging from $651,000 to $1,269,000. The aproximate distance to the coast is 16 Km.

Consistent high demand relative to supply is a key feature in Upper Hermitage driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Upper Hermitage 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 Upper Hermitage 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 Upper Hermitage 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. 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.

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Public Transport

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General Points of Interest

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