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GLANDORE, 5037 ranks 3480th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 0.82% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,200,000.
The upward trend in home prices in GLANDORE, 5037 averaged 7.9% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 2.6% increase in returns based on the current median price in GLANDORE.
An average of 2.42 real estate transactions take place per month in GLANDORE which translates to 29 per annum.
29 properties were sold in GLANDORE in 2016, making it the 242nd most active market in SA based on total real estate transactions.
GLANDORE, 5037 places 373rd in Australia based on median property value growth during the quarter.
Glandore, located approximately 5 kilometres southwest of Adelaide’s central business district, is a well-established suburb within the City of West Torrens. Known for its quiet, tree-lined streets and strong sense of community, Glandore offers a blend of suburban tranquillity and urban convenience. The suburb has a population of around 3,900 residents, making it a popular choice for families, professionals, and retirees.
The demographic profile of Glandore includes a mix of young professionals, families, and older residents, with many homes being owner-occupied. The suburb has a diverse population, with a range of cultural backgrounds reflected in the community. The median age is close to the national average, making it appealing to a broad range of residents.
Public transport is a key feature of Glandore, with excellent connections to the Adelaide CBD. The Glenelg tram line runs through the suburb, providing quick and easy access to both the city centre and the popular beachside suburb of Glenelg. Several bus routes also service the area, adding to the convenience for commuters. Glandore’s proximity to major roads such as South Road and Anzac Highway provides additional options for those travelling by car.
Glandore is home to a variety of local amenities, with nearby shopping centres such as Kurralta Park Shopping Centre offering supermarkets, cafes, and essential services. The suburb also features several parks and recreational areas, including Glandore Community Centre and Glandore Oval, which offer spaces for sports, community activities, and relaxation.
Educational facilities in and around Glandore include Glandore Community Kindergarten and nearby Black Forest Primary School, making the suburb suitable for families with young children. Glandore's proximity to both the city and the coast, combined with its peaceful suburban environment, makes it a highly desirable location for a wide range of residents seeking a balance between urban convenience and suburban living.