Unit 172,
NORTHERN COM RES VILLAGE 50 ANDREWS ROAD Penfield SA 5121

About Virginia - Waterloo Corner

With an average age of 68, households expect an average monthly mortgage payment of $800 or a weekly rent payment of $215. The average family earns a weekly income of $983 with a typical household size of 1.8 and a 86.89% employment rate.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Penfield due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Penfield 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 Penfield to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Penfield the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Public Transport

Elizabeth Interchange Elizabeth South Kudla Munno Para Smithfield Railway Station Womma Chidda Nurlutta Salisbury Interchange Broadmeadows

General Points of Interest

Trinity Crescent Shopping Centre Salisbury Swimming Center Munno Para Soccer Club Elizabeth Lawn Bowls Club Elizabeth Bowland Pioneer Cemetery Saints Shopping Salisbury Green Par 3 Golf Course John McVeity Centre Parabanks Shopping Centre

Population

(Country of Birth not stated 12%)

Are people healthy?

Local Crime Rates

Incidents Trend State Average

Local Schools

• School Catchments

  Mark Oliphant College

• Playford College

  Elizabeth, SA, 5112 Independent R-10

  NAPLAN

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Property Story

Local Developments

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• 134 Acme Avenue Street, Town, State

  Description - Details the application. Type and other information pertaining to the development application and more...

  Authority Reference: UX0909823-GOV Website