A quiet Adelaide suburb renowned for its classic character homes and leafy streets is experiencing booming demand as house hunters fight to secure a slice of the Australian dream.
According to a realestate.com.au data revealing Adelaide’s most in-demand areas, househunters are keeping a close eye on Colonel Light Gardens, with demand for property in the tightly-held suburb surging over the past year.
The data is calculated on the number of property searches in a suburb relative to the number of listings.
Demand for property in Colonel Light Gardens soared in the three months to January this year with 6392 searches compared to 3833 in the same period the previous year.
It is a massive jump from the 11th place it scored last year.
REA Group economic research director Cameron Kusher said Adelaide buyers were attracted to suburbs that had character homes, like Colonel Light Gardens.
“Its proximity to the city and beach, and character homes on large blocks, makes it an appealing choice,” he said.
“Medindie is the second most in-demand suburb in Adelaide, which is not surprising given the high house prices and grand, old homes on large lots.
“Suburbs in the top 10 that have recorded the largest rise in popularity over the past year are Hawthorndene and Upper Sturt, jumping 69 and 51 places respectively.”
Ouwens Casserly Real Estate’s Michael and Angela Stentiford said Colonel Light Gardens had a lot going for it in terms of location and affordability.
“It’s because of the large blocks and character homes that are heritage and can’t be torn down, Ms Stentiford said.
“It’s still affordable so offers plenty of bang for your buck.”
Mr Stentiford said it attracted families and was tightly held with only a few properties in the area on the market at any one time.
“Once they get into the suburb, this is their 10 to 15-year home,” he said.
Williams Real Estate’s Stephanie Williams said Medindie properties always attracted a lot of interest and multiple offers, and rarely lasted long on the market.
“I’m not surprised at all that it’s come up in that position because it’s a highly desirable suburb,” she said.
“It’s such a prestige spot with big frontages.”
She said Medindie’s beautifully presented homes and proximity to good schools and the city made it so desirable, particularly among families.
MOST IN-DEMAND SUBURBS
(Rank, suburb, Jan 2020 searches/listings, Jan 2019 searches/listings)
1. Colonel Light Gardens: 6392 – 3833
2. Medindie: 5303 – 5764
3. Millswood: 5075 – 4740
4. Seacombe Heights: 4969 2745
5. Brighton: 4859 – 3335
6. Hawthorndene: 4536 – 2443
7. Stirling: 4328 – 4865
8. Kingswood: 4180 – 2875
9. Unley Park: 3877 – 4203
10. Upper Sturt: 3866 – 2619