1/84 Broadway, Glenelg South SA 5045

Compact 2-bed unit in beachside enclave|Low 2.1-2.5% rental yield signals steady income|Recent suburb softening eases entry for downsizers|Proximity to Glenelg amenities boosts lifestyle appeal Offers efficient living with open-plan layout suited to young professionals or retirees seeking low-maintenance coastal access. Positioned in a quiet residential pocket moments from beaches and trams, it targets buyers prioritizing walkability over space-ideal for empty-nesters or investors eyeing stable rents around $600-645 weekly. Demand remains solid from lifestyle seekers despite suburb’s short-term dip, with units moving faster than houses at ~32 days on market. Advantages include easy reach to Glenelg’s cafes, schools like St Michaels College (catchment eligible) and elite demographics of professionals/families (avg age 40s, high incomes). Walk to beach, 15min to Adelaide CBD via tram. Disadvantages: limited parking, traffic during peak tourist seasons. No major new projects noted; growth drivers are beach prestige and unit yield edge over houses. Opportunities in rental stability amid rising SA demand; risks from softening house trends potentially spilling to units if rates stay high. Suits yield-focused investors over flippers.