Aldinga Beach market set to soar
A small suburb in Adelaide’s south is experiencing rapid population growth, leading some experts to predict a local property boom.
Around 3,726 people moved to Aldinga Beach between 2006 and 2011, a population increase of over 60 per cent.
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wHeregroup Buyer’s agent Todd Hunter said Adelaide’s population was moving southwards, particularly as new transport infrastructure improves the area’s appeal.
“Now with the rail line through to Seaford and the second highway they've put in to duplicate the one -way highway, there's a whole lot more access now,” he says.
Local LJ Hooker principal John McGarry believes new residents were drawn to the relaxed, coastal lifestyle of the suburb.
“From a lifestyle point of view, it's very much a place to be. As a result, we're seeing a growing population and potential growth down the track,” he said.
Mr Hunter predicted the suburb’s strong demographic trends may lead to the rise in property values.
“At this stage, it certainly looks positive. The signs are there,” he says.
“We're seeing listing prices increase among houses and houses sell quite fast.”
According to RP Data, 320 houses were sold in Aldinga Beach in March, one of the highest results in the state.
Nonetheless, price growth has remained sluggish.
The median house price has dropped by one per cent in the past 12 months and five per cent in the past three years.
TV presenter and property mentor Margaret Lomas believes the area has been underperforming.
“Aldinga Beach hasn’t really taken off yet. However, as the properties in Seaford, Christies Beach and the surrounds continue to grow, we will see more interest in this suburb,” she said.
