Lot 1 - Weaver Street - Edwardstown

Description

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Edwardstown is an inner-southern suburb of Adelaide, located about 6 km southwest of the CBD within the City of Marion. Covering around 2.3 km², it had approximately 4,514 residents as of the 2021 Census, marking a 4.3% increase since 2016. The dominant age group is 30–39 years, with many households made up of couples without children. A significant portion of the working population is employed in professional occupations, and over half of the homes are owner-occupied.

The property market in Edwardstown has seen strong growth. The median house price is around $930,000, reflecting an annual capital growth of approximately 10.7%. There were about 44 house sales in the past year, with an average time on market of 22 days. Units have experienced even higher growth, with a median price of $528,000 and an annual increase of about 31.7%, typically selling within 20 days. Rental returns are solid, with houses renting at a median of $620 per week (yielding approximately 3.65%) and units at $450 per week (yielding about 4.86%).

Transportation is a major strength of Edwardstown. While about 57.9% of residents commute by car, alternative transport modes are well-used: 7.9% take the train, 4.7% use the bus, 2.1% cycle, and 2.7% walk. Households typically own an average of 1.5 vehicles. Edwardstown Railway Station, on both the Seaford and Flinders lines, provides regular and efficient rail access to Adelaide’s CBD.

The suburb is serviced by Castle Plaza Shopping Centre and a range of local shops, dining venues, and commercial facilities. Although Edwardstown itself has limited parkland—only about 0.6% of its area is green space—it is located close to larger reserves and recreational areas in adjacent suburbs.

In summary, Edwardstown is a well-positioned suburb with excellent access to public transport, a rising property market—particularly in unit investments—reasonable rental yields, and a predominantly professional, younger demographic. Its combination of inner-city convenience, capital growth potential, and urban lifestyle amenities makes it appealing to first-home buyers, young professionals, and investors alike.