Almost 150 homes sold for more than $1 million across Adelaide’s west last year, with real estate agents tipping even stronger market growth across the district in 2019.
Lockleys, Tennyson, Henley Beach and Semaphore had the highest number of seven-figure sales, and they are expected to record even bigger sales again this year.
Meanwhile, on the other side of town, there has been a surge in $2 million -plus sales. More on that HERE.
Top sales included a home on Bluelake Ct, Tennyson, at $3.38 million, a two-storey duplex on the Esplanade, Henley Beach, at $2.8 million, and a property on Seaview Rd, West Beach at $2.61 million.
Ous Property director Laz Ouslinis expects Henley Beach to continue its strong growth because more buyers want a “beachside lifestyle”.
Check out Henley Beach’s ultimate party house HERE.
He said the suburb had become even more appealing since the Henley Square and jetty upgrades.
Last year, there were 54 homes with million-dollar-plus price tags in Henley Beach and Henley Beach South.
“Henley has that lifestyle aspect, but there are also good schools and it is a great area for families to enjoy,” Mr Ouslinis said.
“Homes that are in high demand are those traditional homes, on full size blocks — your 800sq m allotments.
“A lot of buyers are willing to go that extra mile to get that full-size block.”
LJ Hooker West Lakes/Henley Beach chief executive Frank Azzollini expected seven-figure sales to continue in Semaphore.
CoreLogic figures showed a 10 per cent increase in the suburb’s median house price over the past year, up from about $619,100 in 2017 to about $681,000 in 2018.
There were also eight million-dollar sales.
“Henley has become out of reach, so Semaphore is becoming more in demand, increasing (the suburb’s) value,” Mr Azzollini said.
“There are more festivals and community activities in Semaphore than any other coastline of Adelaide … so what we are finding is that it is very family-orientated, parking is easy and (it) has lots of area to enjoy. I would not be surprised if prices go up north of 20 per cent.”
Meanwhile, real estate agents expect areas surrounding more expensive suburbs to be hot among buyers this year.
Ray White Semaphore principal managing director Peter Kikianis tipped Osborne and Taperoo to be popular this year. According to CoreLogic figures, median house prices in Osborne jumped about 12.2 per cent over the past year, up from $344,028 in 2017 to $386,000 in 2018.
Taperoo, however, only recorded a 3.5 per cent increase, with the median price house price sitting at $375,125.
“A lot of people are starting to move further north because they are starting to realise that they have the same facilities (as more expensive suburbs),” Mr Kikianis said.
“They are still quite affordable and it won’t be long before people catch on and those prices will go up.”
Harris Real Estate sales consultant Dijana Sladic tipped Kilkenny as a place to watch, especially for first homeowners and families looking for value for money.
Kilkenny median house prices increased from $488,750 in 2017 to $515,500 last year, CoreLogic data showed.
Ms Sladic said the suburb was often snubbed, with more buyers trying harder to get into nearby Croydon and West Croydon.
“It has been overlooked previously, but we are seeing some really good growth there and demand — for the first time in a long, long time,” Ms Sladic said.
“It is only three train stops to the city and 80 per cent of homes are character homes.”
– BY CELESTE VILLANI
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COASTAL MOVE IS A BREATH OF FRESH AIR
Newlyweds Jasmine and David Heyneman spent six months looking for the perfect house near the coast.
The couple were after a sea change and, late last year, bought a property in Henley Beach to call home.
“Someone once described this area to me as having a different air,” Mrs Heyneman says. “There is this freshness in the area … and it has this beautiful energy.”
Henley Beach’s median house price has increased 3.8 per cent in the past 12 months, up from $818,882 in 2017 to $850,000 in 2018. Mrs Heyneman, who moved from West Lakes Shore, says she loves the “beachside lifestyle” and strolling around the area.
“We love the lifestyle here and it is so easy to get from A to B,” she says.
“We love being able to walk to the beach, go grab a coffee and enjoy the cafes.”
She says the suburb is family-friendly, another attraction. “It is also a good area to bring kids up because you can send them to good schools around here.”
— BY CELESTE VILLANI