Thinking about buying in Riverlea Park? Now could not be a better time, with 564 residential properties there's certainly plenty to choose from. Riverlea Park is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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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 Riverlea Park due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Riverlea Park 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. Lower than average population density constrains growth in Riverlea Park 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 Riverlea Park 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.
68 NEMESIS CT, BUCKLAND PARK, SA, 5120 | 3 | 1 | UNDER CONTRACT |
Virginia Primary School
(While the above schools are located with the suburb of Riverlea Park 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 | 0.8 | 17.1 | 30.9 | 27.3 | 71.4 | 4.7 | 27.3 |
Feb | 1.4 | 16.9 | 29.6 | 31.3 | 73.4 | 4.4 | 23.5 |
Mar | 0.5 | 14.5 | 27.1 | 32.0 | 77.0 | 4.2 | 18.7 |
Apr | 1.2 | 12.0 | 23.3 | 37.9 | 80.8 | 4.0 | 13.5 |
May | 1.5 | 9.7 | 19.1 | 49.4 | 86.5 | 4.0 | 10.8 |
Jun | 1.7 | 6.8 | 16.1 | 56.7 | 90.4 | 4.0 | 9.2 |
Jul | 1.6 | 6.4 | 15.7 | 56.0 | 90.4 | 4.5 | 9.4 |
Aug | 1.4 | 6.2 | 16.3 | 50.4 | 88.9 | 4.5 | 12.1 |
Sept | 1.3 | 8.4 | 19.9 | 42.5 | 86.9 | 5.0 | 17.0 |
Oct | 0.9 | 10.6 | 23.4 | 34.0 | 82.6 | 4.8 | 21.5 |
Nov | 0.7 | 13.1 | 26.6 | 28.6 | 77.8 | 5.0 | 26.2 |
Dec | 0.8 | 15.4 | 29.2 | 26.8 | 72.4 | 5.1 | 28.0 |
source: Australian Government Bureau of Meteorology
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