All About Greenacres, Port Adelaide Enfield, SA, 5086

Greenacres, located in the Port Adelaide Enfield area of South Australia, presents an interesting profile in the housing market that reflects broader trends in suburban growth and affordability within the Adelaide region. The suburb boasts a mix of older homes and modern developments, providing diverse options for potential homeowners and investors. With median house prices sitting at a reasonable level compared to inner-city Adelaide, Greenacres has become an attractive option for first-time buyers and families looking for more space. This affordability, coupled with the suburb’s steady growth in infrastructure, including shopping centers and public transport links, underscores its rising popularity. Recent data indicates a steady increase in property values over the past few years, attributed to the area's accessible amenities and proximity to Adelaide's business district.

Living in Greenacres offers a balanced lifestyle, blending suburban tranquility with urban accessibility. Residents enjoy the benefits of various local facilities, such as parks, schools, and community centers, making it an ideal location for families and individuals seeking community-oriented living. The suburb is well-serviced by public transport, providing easy access to Adelaide's bustling city center and the broader Port Adelaide Enfield region. The presence of diverse cultural communities adds to the rich social fabric of Greenacres, fostering a friendly and inclusive atmosphere. Furthermore, the ongoing development projects in the area promise enhanced services and infrastructure, contributing to a positive outlook on future living conditions and investment potential. Overall, Greenacres delivers an appealing package for those seeking affordability, convenience, and a sense of community.

Greenacres Real Estate Market Outlook

Thinking about buying in Greenacres? Now could not be a better time, with 1792 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $691,000 with prices in this suburb ranging from $198,000 to $4,970,000. Greenacres is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

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 Greenacres due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Greenacres classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Greenacres necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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