Clarence Park

POSTAL CODE: SA, 5034
HOUSE
UNIT

Homeowners and real estate investors betting on CLARENCE PARK, 5034 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 11.13%.

A steady increase in median property prices over a five-year period in the suburb translates to a 19.53% capital gain.

Property investors in CLARENCE PARK enjoyed capital gains of 11.13% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,296,875.

Profits due to an upward trend in home prices there averaged 6.51% per annum over a 3-year period.

Home owners selling their properties and realtors in CLARENCE PARK usually have to wait an average of 35.7 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.61% increase in returns based on the current median price in CLARENCE PARK.

CLARENCE PARK, 5034 places 65th in Australia based on median property value growth during the quarter.

Surburb overview

Clarence Park, located approximately 5 kilometres south of Adelaide's central business district, is a charming and well-established suburb in South Australia. It falls within the City of Unley, a local government area known for its picturesque, leafy streets, historic homes, and strong sense of community. The suburb has a population of around 2,500 residents, who are drawn to its convenient location, attractive housing, and proximity to both the city and local amenities.

Public transportation in Clarence Park is excellent, with Adelaide Metro buses and the nearby Clarence Park railway station offering easy access to Adelaide’s CBD and surrounding suburbs. The suburb is also well-connected by major roads such as Goodwood Road and Cross Road, making it convenient for those who commute by car to the city or other parts of Adelaide.

Clarence Park is characterized by its wide, tree-lined streets and a mix of housing styles, including charming bungalows, Victorian cottages, and more modern homes. The suburb’s residential areas are peaceful and well-maintained, reflecting the area’s reputation as a desirable place to live. The abundance of green spaces and well-kept gardens further adds to the suburb’s appeal as a family-friendly environment.

The suburb offers a variety of amenities that cater to the needs of its residents. While Clarence Park itself is primarily residential, it is close to several shopping precincts, including the Goodwood Road shopping strip and the larger Unley Shopping Centre. These areas provide a range of retail, dining, and essential services, ensuring that residents have easy access to supermarkets, specialty stores, cafes, and restaurants.

Educational facilities in and around Clarence Park are excellent, making it a popular choice for families. The suburb is close to several well-regarded schools, including Westbourne Park Primary School and Cabra Dominican College, offering quality education from primary through to secondary levels. The area’s proximity to other prestigious private and public schools in nearby suburbs further enhances its appeal for families seeking excellent educational opportunities.

The suburb is home to Clarence Park Community Centre, which offers a variety of programs, activities, and events for residents of all ages. The nearby Goodwood Oval and Millswood Sporting Complex provide additional spaces for sports, fitness, and community events. The suburb's location also offers easy access to the Adelaide Park Lands and the beach, allowing residents to enjoy a variety of outdoor activities.

Clarence Park’s combination of suburban charm, excellent transport links, and access to a wide range of amenities makes it a highly desirable location for a diverse range of residents. The suburb’s attractive homes, strong community ties, and proximity to both the city and recreational areas continue to attract those seeking a balanced and convenient lifestyle in one of Adelaide’s most appealing inner-southern suburbs.

You’re out of free articles for this month
Loading form...