Thinking about buying in Glenelg? Now could not be a better time, with just 36 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $851,000 with prices in this suburb ranging from $507,000 to $1,053,000. The aproximate distance to the coast is 14 Km.
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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 Glenelg due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Glenelg provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. 'Lower than average population density constrains growth in Glenelg 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 Glenelg 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.
Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 12.3 | 26.7 | 40.6 | 94.2 | 3.9 | 24.6 |
Feb | 1.0 | 13.0 | 26.5 | 42.5 | 94.9 | 3.8 | 20.7 |
Mar | 1.2 | 11.3 | 23.7 | 47.2 | 95.4 | 3.4 | 15.8 |
Apr | 1.7 | 9.0 | 20.0 | 51.5 | 93.5 | 2.8 | 11.2 |
May | 2.8 | 7.4 | 16.3 | 63.2 | 94.6 | 2.7 | 8.4 |
Jun | 3.0 | 5.4 | 14.0 | 71.0 | 95.1 | 2.7 | 7.2 |
Jul | 3.5 | 5.4 | 13.5 | 70.4 | 95.6 | 3.2 | 7.3 |
Aug | 2.9 | 5.8 | 14.5 | 59.9 | 93.2 | 3.7 | 10.2 |
Sept | 2.1 | 6.7 | 16.7 | 57.0 | 96.8 | 3.5 | 14.3 |
Oct | 1.8 | 7.7 | 19.4 | 53.1 | 96.8 | 3.7 | 19 |
Nov | 1.4 | 9.1 | 21.5 | 48.8 | 97.1 | 3.6 | 21.8 |
Dec | 1.6 | 10.8 | 24.5 | 43.5 | 96.3 | 3.8 | 26.1 |
source: Australian Government Bureau of Meteorology
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