Thinking about buying in Somerton Park? Now could not be a better time, with 4126 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $1,320,000 with prices in this suburb ranging from $206,000 to $7,656,000.
Somerton Park is located near the coast as well as views of the ocean, demand is likely to be high
Median Weekly Rent | $344.78 |
Median Monthly Mortgage | $2050.33 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 2.22 |
Average Age | 49.11 |
Average Income | $907.89 |
Average Cars Per Dwelling | 1.78 |
Average Properties Within 50M | 30 |
1 Bed $613,000 |
2 Bed $615,000 |
3 Bed $1,352,000 |
4 Bed $1,931,000 |
5 Bed $2,498,000 |
6 Bed+$1,616,000 |
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.
UNIT 2, 39 ESPLANADE, SOMERTON PARK, SA, 5044 | 3 | 1 | 2 | Contact Agent | |
22 SCARBOROUGH ST, SOMERTON PARK, SA, 5044 | 4 | 3 | 4 | $1.990M - $2.1M | |
72 DIAGONAL RD, SOMERTON PARK, SA, 5044 | UNDER CONTRACT | ||||
102 DIAGONAL RD, SOMERTON PARK, SA, 5044 | 4 | 2 | 2 | UNDER CONTRACT - CONTACT AGENT | |
UNIT 16, 30 OAKLANDS RD, SOMERTON PARK, SA, 5044 | 2 | 1 | 1 | Best Offers - $390K - $420K | |
7 ELGAR RD, SOMERTON PARK, SA, 5044 | 4 | 2 | 2 | Please Call |
Sacred Heart College
Paringa Park Primary School
Brighton Secondary School
Glenelg Primary School
Warradale Primary School
Our Lady of Grace School
St Peter's Woodlands Grammar School
Christ the King School
St Mary's Memorial School
Brighton Primary School
(While the above schools are located with the suburb of Somerton Park there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 0.6 | 17.2 | 29.3 | 29.0 | 74.7 | 5.2 | 27.5 |
Feb | 0.8 | 17.0 | 28.1 | 34.2 | 76.5 | 4.9 | 24.1 |
Mar | 0.8 | 15.3 | 25.7 | 36.5 | 80.5 | 4.7 | 19.2 |
Apr | 1.1 | 12.6 | 22.8 | 39.8 | 84.6 | 4.2 | 14.5 |
May | 1.5 | 10.2 | 18.8 | 47.8 | 88.6 | 4.3 | 10.3 |
Jun | 1.7 | 7.8 | 16.1 | 54.3 | 92.2 | 4.3 | 9.1 |
Jul | 1.8 | 7.8 | 15.4 | 54.8 | 91.7 | 5.0 | 9.1 |
Aug | 1.4 | 7.8 | 16.2 | 50.0 | 90.4 | 5.0 | 12.3 |
Sept | 1.2 | 9.7 | 19.3 | 41.6 | 86.6 | 5.3 | 17.1 |
Oct | 0.8 | 11.5 | 22.1 | 36.2 | 83.6 | 5.1 | 22.1 |
Nov | 0.6 | 13.5 | 24.7 | 32.6 | 80.4 | 5.1 | 26.5 |
Dec | 0.5 | 15.5 | 27.2 | 30.7 | 77.3 | 5.3 | 28.4 |
source: Australian Government Bureau of Meteorology
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