Brendan and Quynh Shakes with their son Oscar, 21 months, moved to North Brighton earlier this year. Picture: Matt Turner.
IT’S right next to the beach and boasts good schools and great shopping – that’s why North Brighton homeowners are clinging to their houses longer than those in any other South Australian suburb or town.
Latest realestate.com.au data shows property owners in the seaside suburb are turning over their houses every 16.3 years on average.
Gary J. Smith agent Brad Allan said the tightly held suburb’s location near the beach, good schools and Westfield Marion attracted people to the area – and made them want to stay.
He said its affordable price tag was another factor.
“It’s the convenience and location for families,” he said.
“It’s also affordable for where it is – you can still get more basic homes on a reasonable block for between $600,000 and $650,000.”
MORE NEWS
Three-in-one property offer in popular SA wine region
Where you can find more rental options and potentially pay less
Why this house is the ultimate beachside retreat
LJ Hooker Brighton principal Peter Hurcombe said school zones played a big part.
“I’d say one of the key elements for people (living) there is schooling,” he said.
“They tend to go in there as their kids are getting to the end of primary school.
“Once they’ve established themselves as a family in that area, all their kids’ friends live in the same area.
“It creates a solid family position and then you throw in all the other facilities nearby.”
Brendan Shakes and his wife Quynh moved into their new house in the area earlier this year.
He said they chose North Brighton because of the lifestyle it offered.
“We wanted to find a family home that would be our forever home,” he said.
“My wife was adamant that we had to find a house around this area because of what it offered.
“Schooling was one part of it, and we can walk to the beach.”
Some people are holding onto their homes for more than a decade.
Second on the list of tightly held suburbs is Fulham, where houses are kept for 15.2 years on average.
Homeowners in Malvern, Sefton Park, Glenelg South, Highgate and Maslin Beach stay put for just over 14 years on average.
Ray White Henley Beach principal Anthony Fahey said Fulham’s lifestyle was also what made people want to buy and stay in the western suburb.
“It’s got Linear Park close by and you’re very close to Henley Square” he said.
“With Henley Beach, prices there are quite high so people see (Fulham) as a pretty good alternative.”
Mr Fahey said many older residents had lived in the area a long time but the demographic was slowly changing.
“In another 10 years, you’ll probably see a lot of young families in there,” he said.
LONGEST HELD SUBURBS
(Suburb, median house price, average hold period)
North Brighton – $695,000, 16.3 years
Fulham – $757,000, 15.2 years
Malvern – $1,173,500, 14.9 years
Sefton Park – $606,000, 14.7 years
Glenelg South – $1.05 million, 14.6 years
Highgate – $865,000, 14.2 years
Maslin Beach – $467,750, 14.1 years
Port Augusta – $142,500, 13.9 years
Unley Park – $1.316 million, 13.7 years
Glen Osmond – $972,500, 13.5 years
(Source: realestate.com.au)
The post The South Australian suburbs and towns where homeowners are holding onto their houses longest appeared first on realestate.com.au.