2/2 Wara Court, O'Halloran Hill SA 5158
2/2 Wara Court, O’Halloran Hill SA 5158
2-bed unit | $660k–$700k guide | compact attached stock | strong entry-level demand
This unit occupies a practical position in O’Halloran Hill’s attached-dwelling segment, where two-bedroom stock is less common than the larger family homes that dominate the suburb. Its configuration suits first-home buyers, downsizers, and investors seeking low-maintenance living without stepping into the higher price brackets attached to freestanding houses. The recorded rental of $440 per week in late 2024 suggests the unit can generate meaningful income, and its location within the Seaview High School catchment adds appeal for long-term occupiers. For a buyer wanting a foothold in a well-serviced southern suburb, this property offers a straightforward, functional entry point.
The price band reflects what attached dwellings of this size typically command in the area, though the final figure may hinge on internal condition and presentation, which remain unverified. The single car space is modest compared to some nearby units that offer two, and the lack of confirmed land area or shared-facility details might influence how the property compares against alternatives. Buyers should weigh the potential for rental growth against the possibility that finishes or layout could feel dated, which may justify a more conservative offer if inspection reveals limited upgrades.
|| Comparable Sales: 40 The Lane unit at $763,000 estimate; 22 The Causeway house at $749,000 | Property Price Band: $660k–$700k | Value Drivers: internal condition, single car space, unit format vs house stock
Detailed Independent Property Report prepared by PropCred Analyst team for 2/2 Wara Court, O’Halloran Hill SA 5158
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
This southern suburb, positioned along Main South Road, offers country-style living within a developing corridor. Demand is driven by owner-occupiers: 48% of residents are purchasers, 43% are couples with children, and 30% are over 55, indicating stable family and downsizer interest. The median house price sits at roughly $780,000–$792,000, though annual growth estimates diverge widely, from 0.7% to 9.7% across sources, reflecting a thin sales base of 43 houses sold last year. Houses clear in 23–53 days, with gross rental yields of 3.6–4.2% and vacancy under 0.6%, signalling tight rental stock. Future drivers include rapid southern suburban development and constrained supply: stock is down 25% year-on-year, with just two rentals and one property for sale last month. Key risks centre on limited unit turnover—fewer than five sales—and a 25% stock contraction that may accelerate price pressure.
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PropCred Estimated Value
Comparable Sales: 40 The Lane unit at $763,000 estimate; 22 The Causeway house at $749,000 | Property Price Band: $660k–$700k | Value Drivers: internal condition, single car space, unit format vs house stock
Bedrooms
2
Bathroom
1
Parking
1
Land
244m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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