Gawler, designated as a “future urban growth area,” is currently undergoing a remarkable surge in residential developments and the establishment of town centres. Strategically situated as a gateway to the Barossa Valley, the region has meticulously planned for new residential estates that will effectively accommodate the projected population growth over the next decade. The real estate market in this northern region of Adelaide thrives on the back of ultra-low vacancy rates and strong rental yields. With an estimated 16,000 residential lots set to become available, the housing market is well-positioned to meet the escalating demand, offering investors a stable and highly profitable investment environment.
Rising Property Market and Affordability
As stated in Hotspotting’s Price Predictor Index for Autumn 2023, Gawler’s property market has been identified as one of the rising markets in South Australia, reflecting its resilience and stability even in the face of economic downturns. Vacancy rates across Gawler suburbs do not register above 1%, falling below the 1.5% benchmark and indicating a high demand for rental properties.
The projected population growth in Gawler is substantial, with expectations of exceeding 50,000 residents within 15 years. This increasing demand for housing, coupled with the affordability of the area, has made Gawler an attractive target for first-home buyers (FHBs).
The Evanston suburbs, particularly postcode 5116, have consistently ranked among the top 20 postcodes for FHB grants, highlighting the viability of the area as an affordable and desirable location for property investment.
Gawler offers an advantageous rental market with a range of opportunities for property owners and investors. What makes it even more enticing is the favourable income-to-rent ratio, which is well below the benchmark of 30%. This indicates a financially beneficial environment for those looking to enter the rental market or expand their property investment portfolio.
- Median Weekly Income: $1,908.54
- Median Weekly Rent: $395.31
- Income to Rent Ratio: 20%
The recent completion of the $870 million Northern Connector, a state-of-the-art motorway linking Gawler to the Port of Adelaide and the CBD, has played a significant role in Gawler’s transformation.
This infrastructure development has not only increased accessibility but also enhanced the region’s appeal to residents and businesses alike. Moreover, the electrification of the Gawler train line further strengthens connectivity and supports freight transport, fostering seamless travel and establishing a well-connected community.
Key projects underway, further enhancing the region’s prospects:
Health and Medical Facilities
Job Opportunities and Economic Growth
Gawler offers ample job prospects, with nearby employment zones, including the prestigious Edinburgh Defence Precinct. This complex houses thousands of army and air force personnel and is also home to the South Australian arm of the Defence, Science and Technology Organisation.
The region is a hub for military intelligence, surveillance, reconnaissance, and electronic warfare capabilities, as well as a base for maritime patrol aircraft. The ongoing redevelopment of the area into the Lionsgate Business Park further adds to the economic growth and employment opportunities in Gawler, making it an attractive location for professionals and investors alike.
Education and Amenities
Boasting an impressive range of educational and amenities infrastructure, Gawler is an attractive place for families and individuals alike. The region offers two public primary schools, a public high school, Trinity College, and Immanuel Lutheran School.
Tertiary education is easily accessible through a TAFE College located in Gawler East, and the internationally renowned agricultural education facility, the University of Adelaide’s Roseworthy Campus, is also within reach. Gawler features several shopping centres, including the Gawler Centre Shopping Centre, providing residents with convenient access to retail facilities.
With its strategic location as a gateway to the celebrated Barossa Valley, excellent connectivity, strong rental yields, and projected population growth, Gawler presents itself as a smart investment choice for those seeking to capitalise on the region’s potential.
Learn more about the house and land packages we have available in Gawler & surrounding areas starting at $439,000. Reach out to the ALC team today.