Somerton Park SA 5044 Real Estate
Focus on Somerton Park SA 5044
Somerton Park has been predicted to experience a growth rate of 8-9%, forecasting property prices to exceed $1,000,000.(8/8/2019)
Last 3 years has seen the median house prices range between $860,000 and $885,000 which if the growth rate is correct would put property prices slightly under the $1,000,000 mark
Somerton Park has a Lifestyle Rating Index of 7.5 on the AdelaideRealEstate.Net.Au web site
Located on the coast, near Glenelg and 12 kms (approx 19 minutes travel time) to Adelaide CBD, with 5 parks, access to 2 train / tram lines, 25% of properties being rentals / investments, and residents having mostly professional occupations - there is substance that the predicted growth rate in property prices for Somerton Park has a reasonable probability of being achieved.