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.
Median Weekly Rent | $388.67 |
Median Monthly Mortgage | $1774.00 |
Median Persons Per Bedroom | 0.83 |
Average Household Size | 3.00 |
Average Age | 39.33 |
Average Income | $1024.67 |
Average Cars Per Dwelling | 2.23 |
Average Properties Within 50M | 2 |
4 Bed  $1,363,000 |
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.
112 WILDHEATH RISE, COROMANDEL EAST, SA, 5157 | 3 | 2 | 2 | Expression of Interest $1,000,000 |
Craigburn Primary School
Coromandel Valley Primary School
Hawthorndene Primary School
(While the above schools are located with the suburb of Coromandel East there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 13.1 | 25.2 | 37.4 | 86.6 | 3.0 | 26.1 |
Feb | 1.3 | 13.1 | 24.6 | 39.3 | 85.7 | 2.9 | 23.3 |
Mar | 1.6 | 11.1 | 21.2 | 47.3 | 91.2 | 2.7 | 17.8 |
Apr | 2.0 | 10.3 | 18.2 | 51.8 | 89.4 | 2.6 | 13.2 |
May | 3.7 | 7.8 | 13.1 | 65.2 | 92 | 2.9 | 9.0 |
Jun | 4.2 | 5.8 | 10.5 | 71.6 | 94.1 | 3.1 | 8.4 |
Jul | 4.2 | 5.1 | 9.9 | 70.9 | 95.2 | 3.6 | 8.2 |
Aug | 3.9 | 5.1 | 10.5 | 66.5 | 95.1 | 3.7 | 10.4 |
Sept | 3.6 | 6.5 | 13.8 | 54.3 | 93.2 | 3.6 | 15.1 |
Oct | 2.2 | 8.0 | 17.2 | 47.3 | 90.3 | 3.2 | 20.8 |
Nov | 1.3 | 9.2 | 19.7 | 42.3 | 91.6 | 2.8 | 24.8 |
Dec | 1.1 | 11.8 | 23.6 | 36.0 | 83.7 | 2.8 | 27.4 |
source: Australian Government Bureau of Meteorology
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