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Old Reynella

POSTAL CODE: SA, 5161
HOUSE

Property investments in OLD REYNELLA fare well against the rest of the country last year, registering a median home price increase of 11.39%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains OLD REYNELLA, 5161 saw average growth in the long term.

Real estate investors could earn a rental income of $620 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 29.7 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $802,000.

OLD REYNELLA ranks 104th on the list of best yielding suburbs for rental properties in SA, posting a 4.02% return.

Surburb overview

Old Reynella is a historic suburb located approximately 21 kilometres south of Adelaide's central business district. It falls under the City of Onkaparinga local government area and is easily accessible via Main South Road and the Southern Expressway. Public transport services, including buses, provide regular connections to the CBD and surrounding suburbs.

Old Reynella has a population of around 3,500 residents and is known for its rich heritage, with many preserved buildings dating back to the 19th century. The suburb is popular with families, professionals, and retirees, offering a blend of older character homes and modern developments. The area has a village-like feel, with its tree-lined streets and proximity to the Reynella Township, contributing to its community-oriented atmosphere.

The suburb is home to several essential services, with the Old Reynella Shopping Centre offering a range of retail stores, cafes, and grocery shops. The suburb is also close to medical services, including the Reynella Medical Centre and the nearby Noarlunga Hospital.

Recreational activities are plentiful in Old Reynella, with the Reynella Wetlands and Tangari Regional Park providing opportunities for walking, cycling, and wildlife spotting. The suburb also boasts several sporting clubs, including the Reynella Football Club and Reynella Cricket Club, fostering community engagement through local sports. Additionally, the nearby McLaren Vale wine region is just a short drive away, offering residents easy access to wineries and gourmet dining experiences.

Families in Old Reynella benefit from access to several nearby schools, including Reynella Primary School and Woodcroft College, catering to various educational needs. With its mix of historical charm, modern amenities, and recreational options, Old Reynella offers a balanced and comfortable lifestyle for a range of residents.

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