18/8 Polst Avenue, Para Vista SA 5093
18/8 Polst Avenue, Para Vista SA 5093
larger 104m² two-bedroom unit | double car parking | stable 1980s grouped complex | deep owner-occupier tenure | practical suburban convenience
The unit is distinguished within its complex by its 104-square-metre internal layout, which is noticeably more generous than the typical two-bedroom unit in the same 1980s grouping, most of which sit between 73 and 87 square metres. Practical value is added by the double car parking, especially for owner-occupiers with two vehicles or extra storage needs. A mature, stable resident base is present in the complex, with a meaningful share of long-term owner-occupiers, which tends to keep common areas tidy and turnover low. First-home buyers, downsizers, and investors wanting a low-maintenance unit near schools, shopping, and public transport are best served by this property.
The price expectations may exceed recent comparable sales, so consideration should be given to whether that premium is justified by the larger floor area or by vendor optimism. Condition and any modernisation since 2013 may be key value drivers, as may orientation and placement within the complex. A building and pest inspection is recommended to clarify these points.
Detailed Independent Property Report prepared by PropCred Analyst team for 18/8 Polst Avenue, Para Vista SA 5093
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Para Vista SA 5093 is an increasingly desirable, parks-and-reserves-focused suburb where housing demand is underpinned by a 27.47% rental population—a high investor presence—and vacancy of just 0.51%. The median house price sits between $755,000 and $763,000, with annual capital growth of 9.72–11.0% and 44–57 house sales in the past year, indicating a liquid but tightening market. Houses average 30–38 days on market; however, 4-bedroom stock lingers at 225 days, versus 54 for 3-bedroom homes. Gross yields for houses are 4.21–4.72%, supported by median weekly rents of $590–$620. The unit segment is negligible—only two sales in 12 months—so no reliable unit metrics exist. Future growth is tied to liveability and green surrounds, while a thin unit market and slower turnover for larger homes are key constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 11/8 Polst Avenue sold for $486,600 in Nov 2024; 15/8 Polst Avenue sold about $510,500 | Property Price Band: $500k-$600k | Value Drivers: larger floor plan, double parking, condition and presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
221m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!