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Panorama

POSTAL CODE: SA, 5041
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 39.97% capital gain.

It 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 $1,210,000

The augmented property values in the suburb are trailing above the territorial average of 10.37% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $700.

Home owners selling their properties and realtors in PANORAMA usually have to wait an average of 37.7 days days before their assets are lifted off the market.

The SA suburb ranks 270th on the list of best yielding suburbs for rental properties in SA, posting a 3.01% return.

It also places places 179th in Australia based on median property value growth during the quarter.

Surburb overview

Panorama is a well-established suburb located approximately 10 kilometres south of Adelaide’s central business district. It is part of the City of Mitcham and is nestled in the foothills of the Mount Lofty Ranges, providing scenic views of the Adelaide Plains and the city. The suburb is conveniently located near major roads such as Goodwood Road and Springbank Road, offering easy access to the CBD. Public transportation is also available, with regular bus services connecting the area to Adelaide and surrounding suburbs.

Panorama has a population of around 2,500 residents and is known for its quiet, leafy streets and a family-friendly atmosphere. The suburb offers a mix of older, established homes and more modern developments, appealing to a range of demographics including families, retirees, and professionals. Its proximity to both the city and the hills makes it an attractive choice for those seeking a suburban lifestyle with easy access to urban amenities.

Residents have access to essential services, with shopping centres like Mitcham Square and Pasadena Shopping Centre nearby, offering supermarkets, retail stores, and cafes. Healthcare services are also easily accessible, with local medical clinics and the Flinders Medical Centre just a short drive away.

Panorama boasts several recreational facilities, including the popular CC Hood Reserve, which offers walking trails, playgrounds, and picnic areas, making it ideal for families and outdoor enthusiasts. The nearby Belair National Park provides even more options for hiking, cycling, and wildlife spotting. The suburb also offers access to fitness centres, tennis courts, and other sports facilities, fostering an active community lifestyle.

Families in Panorama benefit from access to quality educational institutions, including nearby schools such as Clapham Primary School, Springbank Secondary College, and Scotch College, all within a short distance. The suburb’s combination of suburban charm, excellent amenities, and proximity to both nature and the city makes it a highly desirable location for a range of residents.

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