Home' API Magazine : January 2014 Contents 101
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century homes are always highly sought
after. They’re easy to sell and they’re not
making any more of them.
“There’s a really good mix of turn-of-the-
century homes in Thebarton, which are
always highly sought after, and then of
course pockets of new homes.”
She’d expect buyers to pay an entry-
level price between $400,000 and $450,000
for a small home in Thebarton and
between $250,000 to $300,000 for a unit.
For slightly more upmarket units, she
says buyers could expect to pay anywhere
between $300,000 and $400,000.
“For nice homes in Thebarton there are
sales up in the $600,000 and $700,000
price brackets if they’ve got everything
done to them. Demand is high for both
sales and rental in this suburb.
“Rentals are really highly sought after.
We never have anything last more than
a week in Thebarton – it’s appealing to
everyone due to proximity to the city.”
Sheppard warns investors to keep in
mind that the area was once an industrial
centre. That history is evident in parts.
“I’d suggest buyers just be careful due
to the large portion of light industry in the
area. Coca Cola is a large land holding in
Thebarton and if you’re adjacent to that,
vehicles are coming and going very early.
This has never impacted on tenants, but
for owner-occupiers it might be different.
“The most in-demand types of dwellings
are the stone fronted cottages and villas
and there are still a few left.”
While properties in Thebarton don’t
attract the same high price tag as nearby
suburbs such as Mile End, Sheppard
thinks this is obviously a good problem for
buyers who enter the market before the
major infrastructure improvements and
developments are completed.
Andrew Waters, property valuer with
Herron Todd White, says in his experience
entry-level prices for units in Thebarton
are around $300,000, while entry-level
prices for houses are in the order of
$375,000 to $400,000.
Waters says the suburb comprises a
variety of residential, light industrial and
commercial properties and due to this
mixed use there are some locations that
might be less suited to homebuyers.
“The areas which border the main
industrial/commercial area together with
areas in close proximity to South Road
could be considered as less appealing.
“Generally those people living in
Thebarton are aware the suburb provides
a mixture of land uses and is bordered by
a main road.”
With regard to supply and demand,
API JANUARY 2014
JANUARY 2014 API
Thebarton Data File
SUPPLY AND DEMAND FOR PROPERTIES IN THEBARTON
Thebarton has a low supply to demand situation. There are few rental properties available
to tenants and there’s an undersupply of for-sale listings. Discounting has been muted.
Incomes in Thebarton are growing slightly slower than the South Australia average. The
proportion of renters to owner-occupiers is above average for SA. Rental vacancy rates are
a tight one per cent. Stock for sale levels are down by 29 per cent year-on-year.
Source: SQM Research, www .sqmresearch.com.au (Oct 2013)
AUG13 AUG12 SEPT13 AUG12
1.6% 0 .3%
Where to look: Stone fronted
cottages and villas that are in
Where to avoid: Close to industrial/
commercial estates that still exist in
Walk Score: Thebarton has a Walk
Score of 76/100. Most errands
can be accomplished on foot.
Thebarton is the 18th most walkable
neighbourhood in Adelaide.
> Improved public transport
> Easier access to the CBD
> Affordability and gentrification
> Major infrastructure
WHERE TO LOOK1
n Mortgage holders
n Separate house (330)
row or terrace house,
townhouse etc. (116)
n Flat, unit or
n Other dwelling
n Boom: Prices rising strongly
n Seller: Prices rising
n Neutral: No price changes
n Buyer: Prices falling
n Stressed: Prices falling strongly
HOUSE AND UNIT MEDIAN SALE PRICES: THEBARTON 2004-2012
LOCAL SALES IN SOUTH THEBARTON5
PRICE BEDROOMS SALE DATE
SA \\ THE STATES
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