Thinking about buying in Cape Jaffa? Now could not be a better time, with just 223 residential dwellings it's a highly sought after location.
The average property price for this area is $252,000 with prices in this suburb ranging from $124,000 to $384,000.Cape Jaffa is located near the coast as well as views of the ocean, demand is likely to be high
In Cape Jaffa there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Cape Jaffa is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Cape Jaffa leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Cape Jaffa to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Cape Jaffa the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$|
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|Average Properties Within 50M||5.00|
|58 KING DR, CAPE JAFFA, SA, 5275||5||3||3||$445000 - $475,000|
|99 KING DR, CAPE JAFFA, SA, 5275||4||3||7||For Pricing…|
None within suburb boundary(While the above schools are located with the suburb of Cape Jaffa there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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