Glenelg South SA Property Investment

THE MARKET

Median house price in Glenelg South sits at $2,100,000 with 59 days on market and a 2.8% vacancy rate. This is a balanced market right now.

- **Median house:** $2,100,000 | **Units:** $567,457 - **Gross yield:** 1.5% | **Net yield:** -0.0% - **Vacancy:** 2.8% (worsening) | **Rental demand:** Moderate - **5yr price growth:** -3.3%/yr | **3yr forecast:** -3.7%/yr - **Days on market:** 59 (worsening)

STR potential: $155/night at 64% occupancy = ~$36,208/yr gross. That's a **16% premium** over long-term rent — but factor in higher management costs and council rules.

BULL CASE

If Glenelg South maintains 3%+ annual growth and vacancy stays below 2.0%, median prices could reach $2,415,000 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Glenelg South pull back 10-15% from $2,100,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.

WHAT TO DO

Glenelg South offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with moderate vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $1,890,000 – $2,310,000 - Minimum yield to target: 4.5% - Watch signal: vacancy dropping below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.