All About Coromandel East, Onkaparinga, SA, 5157

Coromandel East, nestled within the City of Onkaparinga, is an attractive suburb in South Australia known for its picturesque scenery and tranquil living environment. The housing market in this area offers a blend of traditional and modern homes, with many properties situated on spacious lots often surrounded by lush greenery. This creates a serene atmosphere that appeals to those seeking a lifestyle away from the hustle and bustle of city life. With the demand for homes increasing, Coromandel East has seen a steady appreciation in property values, making it both a desirable place to live and a sound investment opportunity. The suburb's real estate market is characterized by stability and potential growth, with families and retirees being the most common demographics settling here.

Living in Coromandel East provides residents with an idyllic mix of rural charm and convenient access to amenities. The suburb is renowned for its sense of community and peaceful surroundings, where residents enjoy a laid-back lifestyle amidst natural beauty. Outdoor enthusiasts will appreciate the numerous parks, walking trails, and open spaces that offer opportunities for recreation and relaxation. Despite its tranquil setting, Coromandel East is just a short drive from larger urban centers like Adelaide, providing easy access to shopping, dining, and entertainment options. This perfect blend of seclusion and connectivity makes Coromandel East a sought-after location for those looking to balance comfort and convenience in their daily lives.

Coromandel East Real Estate Market Outlook

Thinking about buying in Coromandel East? Now could not be a better time, with just 180 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,363,000 with prices in this suburb ranging from $1,265,000 to $1,459,000. Coromandel East is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Coromandel East driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Coromandel East 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. Low average earnings from people in Coromandel East 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 Coromandel East 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 Coromandel East 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 Coromandel East a better buying opportunity than it may have been in the past.

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Public Transport

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General Points of Interest

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Nearby Suburbs

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