Home' InDaily : May 7th 2010 Contents Auction action
An extended bungalow in the top-end
location of 20 Hazelwood Avenue,
Hazelwood Park, was last week's top
seller at the price of $1,502,000.
An inner-city townhouse with plenty
of room to move at 317 Wakefield Street,
Adelaide, attracted the next highest-
selling price of $1,160,000.
The third-best property was still in the
millions. A stone-fronted home with note-
worthy garden at 19 Lynington Avenue,
Tusmore, sold for $1,140,000, while the
fourth-highest price -- $820,000 -- was for
a home in the trendy location of 81 Archer
Street in North Adelaide.
Of the 36 properties which presented
for auction this week, one was withdrawn
and 25 sold.
20 Hazelwood Ave, Hazelwood $1,502,000
317 Wakefield St, Adelaide $1,160,000
19 Lynington Ave, Tusmore $1,140,000
81 Archer St, North Adelaide $820,000
67 Coburg Rd, Alberton
18 Hillside Rd, Aldgate
$570,000 20 Hazelwood Ave, Hazelwood -- sold for $1,502,000
19 Lynington Ave, Tusmore -- sold for $1,140,000
317 Wakefield St, Adelaide -- sold for $1,160,000
Sea breeze is a magnet for home buyers
Adelaide's beachside suburbs have
generally been experiencing robust
increases in median house prices
as people continue to seek the lifestyle
benefits and prestige of being close to the
The city has a long coastal strip which
is proving increasingly popular with
buyers, who are still relatively near the
CBD but can stroll along the beach and
frequent the many cafes and restaurants
in these suburbs.
For decades, beachside suburbs have
had enormous appeal to buyers in cities
such as Sydney. The trend didn't take off
in Adelaide with quite the same gusto, but
it has certainly accelerated strongly in the
past 10 years, with homes in our coastal
suburbs experiencing strong demand.
Prime beachfront houses fetch
the highest prices, with ocean views
commanding a premium. However, homes
without any views in the same suburbs
are also in demand.
The latest house price figures for South
Australia, released by the Valuer-General
last month, underline the consistent trend
of strong appreciation in values by most of
the coastal suburbs.
Marino posted substantial gains of
43.7 per cent in the March quarter of 2010,
making it one of the standouts. The Marino
median house price jumped to $625,500,
with 12 properties changing hands
compared with seven sold in the opening
three months of calendar year 2009.
Brighton was also a strong performer
with a 33.3 per cent rise in median house
price to $620,000 for the March quarter of
2010, compared with the same quarter a
year earlier. Ten properties changed hands
in the March quarter of 2010 in Brighton,
compared with seven in January, February
and March of 2009.
This compared with the overall gain in
Adelaide's median house price of 14.08
per cent for the March quarter.
Glenelg has long been a sought-after
suburb and it continued to attract strong
interest, with the median house price
rising by 26.4 per cent to $1.01 million
in the March quarter of 2010, while
Glenelg North jumped by 30.4 per cent
to $600,000. Interestingly, Glenelg South
slipped back by 12.9 per cent to $583,500.
Henley Beach, also known for its
rapidly expanding café and restaurant
scene, made a strong leap of 24.16 per
cent to a median value of $655,000.
Henley Beach, like a number of other
beachside suburbs, is undergoing
substantial demographic changes as
younger families move into the area.
Semaphore, with its large blocks and
older, character homes, continues to post
handsome gains. The median house price
in Semaphore climbed 30.37 per cent in
the March quarter of 2010 to $622,500.
But its close neighbour, Largs Bay,
struggled in the three-month period -- its
median house price dropped by 9.06 per
cent to $444,000.
To the south, Hallett Cove experienced
a 7.57 per cent rise in the median house
price to $440,000 and Port Noarlunga was
up 8.87 per cent to $337,500.
Aldinga Beach managed a gain of 9.67
per cent to $329,000, with 67 properties
sold in the March quarter of 2010. This
compared with 73 houses changing hands
in that suburb in the first three months of
Chris Ward is general manager BankSA
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