Lot 23 - Montague Circuit -Gawler South - AUD 863,500.00

Description

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Gawler South is a suburb located approximately 43 km north of Adelaide, South Australia. It is part of the Town of Gawler and is bordered by the South Para River and neighboring suburbs such as Gawler, Gawler West, Evanston, Evanston Park, and Bibaringa.

As per the 2021 Census, Gawler South has a population of 2,618 residents. The median age is 46 years. Households have an average of 2.2 people, with a median weekly household income of $1,238. The median monthly mortgage repayment is $1,300, and the median weekly rent is $260.

The property market in Gawler South has shown significant growth. The median house price is approximately $641,250, reflecting an annual capital growth of 26.73%. Houses typically spend 36 days on the market. For units, the median price is around $445,000, with an annual growth of 43.55%.

In the rental sector, houses in Gawler South have a median weekly rent of $495, yielding an annual rental return of 4.4%. Units rent for about $380 per week, with a rental yield of 5.1%.

Gawler South offers a blend of residential living with access to shopping and parklands. The community is described as friendly, and the suburb’s location provides convenient access to both the Barossa Valley and Munno Para. The town centre is easily accessible, although some residents note that parking facilities and road layouts could be improved.

Overall, Gawler South combines the charm of a quiet township with the benefits of proximity to larger urban centres, making it an appealing option for families, retirees, and investors.