All About Mylor, Adelaide Hills, SA, 5153

Mylor, located in the picturesque Adelaide Hills of South Australia, is a charming rural community that offers a unique blend of tranquility and accessibility. The housing market in Mylor is characterized by spacious properties, often featuring large gardens and surrounded by lush greenery, reflecting the area's rural charm. Homes in Mylor tend to be more affordable compared to Adelaide's central suburbs, attracting buyers and investors looking for value for money without sacrificing quality of life. The area's real estate market is relatively stable, with demand driven by those seeking a serene lifestyle, influenced by the natural beauty and slower pace the Adelaide Hills offers. The mix of established homes and land for new developments provides diverse options for buyers, whether they are looking for modern amenities or a slice of heritage.

Living in Mylor means enjoying the best of both worlds: the peace of country living with the conveniences of nearby urban centers. The community is tight-knit, reflecting the small-town ethos where neighbors know each other and community events are cherished. Daily life is enriched by the surrounding natural landscape, including lush forests, rolling hills, and abundant wildlife, making it an ideal spot for outdoor enthusiasts who enjoy activities like hiking, cycling, or simply soaking in the serene environment. Its proximity to the city of Adelaide—just a short drive away—offers residents easy access to additional services, shopping, and cultural amenities, ensuring that while Mylor feels pleasantly removed from the hustle and bustle, it remains well-connected and convenient.

Mylor Real Estate Market Outlook

Thinking about buying in Mylor? Now could not be a better time, with 606 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $886,000 with prices in this suburb ranging from $329,000 to $1,062,000. The aproximate distance to the coast is 19 Km.

Consistent high demand relative to supply is a key feature in Mylor driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Mylor 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. The high percentage of professional people in Mylor 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. High density population in Mylor requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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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