Home Market Insights These are Adelaide’s 10 most tightly held suburbs

These are Adelaide’s 10 most tightly held suburbs

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Source: southaustralia.com

Homeowners in Woodcroft hold onto properties for an average of 18.1 years, making it the most tightly-held suburb in Adelaide.

According to data from CoreLogic, Woodcroft homeowners stay at their homes for almost double the Adelaide average of 9.1 years.

Age of residents is quite a major factor as the aging or retired are less likely to move house.

Woodcroft is around 20 km south of the Adelaide CBD and has a median house price of $394,000. Demographically, it skews older with over half its population being mature or older couples with families.

Ashford (15.4 years), Chandlers Hill (14.5 years) and Parafield Gardens (14.4 years) also have long hold periods.

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Ashford has a substantial elderly population with 11.3% elderly singles, and 27.7% maturing residents. However, there is also a sizeable contingent of independent youth (21.4%).

Chandlers Hill is one of Adelaide’s greyer suburbs with 53.5% of the population established couples and families, 22.2% older couples and families, and 8.1% elderly families.

Around 40% of Parafield gardens is populated by established or older citizens but there is also a rising number of independent youth (11.6%).

ADELAIDE’S 10 MOST TIGHTLY HELD SUBURBS:
Woodcroft
Ashford
Kersbrook
Chandlers Hill
Parafield Gardens
Blackwood
Vale Park
West Hindmarsh
Woodville Park
Manningham

Source: realestate.com.au

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