All About Urrbrae, Mitcham, SA, 5064

Urrbrae, located within the City of Mitcham, South Australia, is an attractive suburb well-regarded for its lush, green surroundings and close proximity to Adelaide's central business district. The housing market in Urrbrae is characterized by a mix of established homes and modern residences, offering a diverse range of options for potential buyers. Properties here are typically spacious, often featuring generous yards and gardens, which appeals to families and nature lovers. The area boasts a reputation for being a stable market, with consistent demand due to its appealing environment and convenient access to schools, parks, and other amenities. Like many sought-after suburbs, Urrbrae experiences a competitive market, with property prices reflecting its desirability and enduring appeal.

Living in Urrbrae offers a blend of suburban tranquility and urban convenience. The area is known for its scenic landscapes, including the Waite Arboretum and nearby hills, providing ample opportunities for outdoor activities such as walking, cycling, and picnicking. Residents enjoy a strong sense of community, with local events and gatherings fostering a friendly and inclusive atmosphere. Additionally, the suburb's proximity to quality educational institutions, including Urrbrae Agricultural High School and other reputable schools, makes it an ideal location for families. With its peaceful setting, yet easy access to Adelaide's city center, Urrbrae offers the best of both worlds, making it a highly desirable place to live.

Urrbrae Real Estate Market Outlook

Thinking about buying in Urrbrae? Now could not be a better time, with just 472 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,549,000 with prices in this suburb ranging from $488,000 to $5,474,000. The aproximate distance to the coast is 10 Km.

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