Thinking about buying in Somerton Park? Now could not be a better time, with 4126 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,320,000 with prices in this suburb ranging from $206,000 to $7,656,000. Somerton Park is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Somerton Park Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Somerton Park driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Somerton Park 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 Somerton Park 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 Somerton Park 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.

Houses for sale Somerton Park

	69 ROSSALL RD, SOMERTON PARK, SA, 5044	3	1	2	UNDER CONTRACT
	10 FAIRFIELD AV, SOMERTON PARK, SA, 5044	4	2	2	Contact Agent
	58F WILTON AV, SOMERTON PARK, SA, 5044	3	1	2	800000
	UNIT 1, 2 SCARBOROUGH ST, SOMERTON PARK, SA, 5044	1	1	1	440000

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General Points of Interest

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