Kings Park SA 5034: Property Market Report & Real Estate Insights

Part of Unley, SA

Kings Park Real Estate Market Outlook

Thinking about buying in Kings Park? Now could not be a better time, with just 396 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,147,000 with prices in this suburb ranging from $385,000 to $4,837,000. Kings Park 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.

Living in Kings Park

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Kings Park 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. A mix of professions and above average income earners in Kings Park 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 Kings Park to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Kings Park, situated within the sought-after suburb of Unley in South Australia, presents a unique blend of residential charm and urban convenience, making it an appealing choice for potential homebuyers. The housing market in Kings Park features a diverse mix of property types, including beautifully preserved period homes and modern apartments, catering to a wide range of preferences and budgets. Historically, the area has seen steady growth in property values, thanks to its strategic location close to Adelaide's central business district and the ever-increasing demand for quality housing in well-established communities. Buyers are often drawn to the tree-lined streets, the sense of community, and the overall lifestyle offered by this charming neighborhood.

Living in Kings Park offers residents a relaxed suburban atmosphere coupled with easy access to an array of amenities. The area boasts excellent connectivity, with efficient public transportation options and well-maintained roads linking it to surrounding suburbs and the heart of Adelaide. Residents enjoy proximity to various parks, cafes, boutique shops, and reputable schools, emphasizing the locale's family-friendly appeal. The community vibe is welcoming, with numerous local events and gatherings fostering a strong neighborhood spirit. Whether strolling through the lush parks or enjoying a coffee at a local café, Kings Park offers a peaceful yet connected lifestyle, being a perfect haven for those seeking the best of both suburban tranquility and urban accessibility.

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