Elbow Hill, situated in the picturesque region of Franklin Harbour, South Australia, offers a unique blend of coastal charm and rural tranquility that reflects in its housing market. The area, known for its serene landscapes and close-knit community, generally features a market characterized by a modest number of properties that include a mix of traditional homes and modern builds. Due to its somewhat remote location, the housing prices in Elbow Hill tend to be more affordable compared to urban centers, making it an attractive option for those seeking a peaceful lifestyle away from the hustle and bustle of city life. The demand for homes has remained steady, fueled by those drawn to the area's natural beauty and the opportunity for a quieter, more relaxed lifestyle.
Living in Elbow Hill brings with it a sense of community and connection to nature that is highly sought after by residents and visitors alike. The close proximity to the coast allows for numerous leisure activities such as fishing, boating, and exploring the scenic beaches, while the surrounding natural environment offers plenty of opportunities for bushwalking and observing native wildlife. The community itself is known for its friendliness and community spirit, often coming together for local events and activities that enhance the social fabric of the area. Essential amenities are typically found in the nearby towns, providing residents the convenience of services while maintaining the peaceful ambiance that makes Elbow Hill a special place to call home.
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Thinking about buying in Elbow Hill? Now could not be a better time, with just 0 residential dwellings it's a highly sought after location.
In Elbow Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Elbow Hill is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Elbow Hill 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. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Elbow Hill 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.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Elbow Hill 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 | 0.4 | 16.3 | 29.3 | 32.2 | 81.8 | 5.9 | 26.9 |
Feb | 0.7 | 16.4 | 28.7 | 36.7 | 85.5 | 5.5 | 23.8 |
Mar | 1.0 | 14.7 | 25.8 | 40.0 | 86.5 | 5.3 | 18.5 |
Apr | 0.8 | 12.4 | 23.2 | 38.7 | 84.4 | 4.9 | 14.7 |
May | 1.1 | 10.6 | 19.2 | 46.3 | 86.1 | 5.3 | 10.7 |
Jun | 1.6 | 8.0 | 16.1 | 53.8 | 89.0 | 5.1 | 10.0 |
Jul | 1.2 | 7.6 | 15.3 | 55.2 | 90.0 | 5.6 | 10.0 |
Aug | 1.0 | 7.1 | 17.0 | 46.7 | 85.1 | 5.4 | 12.7 |
Sept | 0.9 | 8.9 | 20.9 | 36.3 | 86.5 | 5.8 | 17.9 |
Oct | 1.1 | 10.4 | 23.3 | 33.3 | 82.8 | 5.5 | 21.3 |
Nov | 0.9 | 11.9 | 25.0 | 33.2 | 87.2 | 5.3 | 23.6 |
Dec | 0.7 | 14.3 | 28.3 | 29.9 | 84.4 | 5.7 | 28.4 |
source: Australian Government Bureau of Meteorology
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