South Australia’s Copper Coast attracts a large number of house hunters
Moon Tabay on the Copper Coast is one of the areas where house hunters gather. Photo: realestate.com.au
The coronavirus pandemic rarely discouraged house hunters from heading to the Copper Coast in search of property. If anything, people want part of the area.
According to real estate experts, the area has a lot of potential customers, including retirees and families looking for villas, but not many properties are on the market.
Robyn Janitz, principal of Harcourts Copper Triangle, said public inspections are getting busier.
“At this stage, we don’t have enough properties,” she said.
“(Seller) is a little cautious, but we’re just starting to see improvements in the list.”
Tim Hosking, an agent at Harris Real Estate Copper Coast, said buyers are also acting cautiously and keeping the market balanced.
25 Wallaroo’s house in Gilmore Crescent sold for $ 760,000 last month. Photo: realestate.com.au
5 North Moonta’s house at James Place is on the market with a price tag of $ 235,000. Photo: realestate.com.au
“What’s happening here is that there are cautious buyers and cautious sellers. It’s an incredibly stable market,” he said.
“But there are many people in the area who want to buy.”
Strong interest in the region is backed by steady growth over the past few years.
Median home prices in the Copper Coast Council area have risen 3.6% to $ 290,000 over the past year, according to the latest realestate.com.au figures.
Over the last three years, it has increased by 8.9% and 7.4% over the last five years.
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Both agents said a mixture of house hunters is currently looking for property in the area, most of them South Australians.
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Hosking said COVID-19 has urged some retirees to relocate to the area, while investing in villas because overseas travel has been removed from the card indefinitely.
Emma Siami in front of her recently purchased Moon Tabay villa.Photo: Tim Hosking
He said many young families were also investing in villas.
Emma Siami and Michael Waite bought a villa in Moonta Bay a few months ago to give their three young children a taste of coastal life.
“It was probably related to COVID. Like a few, we’ve rethought our priorities and working styles,” Siami said.
“The market is good and you can get off by car on Friday night after school and get here in a reasonable time.
“Both of us can now work from home, so that’s feasible.”
