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Keswick suburb profile

Keswick is a small suburb located just 4km southwest of Adelaide's CBD, offering a convenient and accessible lifestyle. Known for its proximity to the city and excellent transport links, including the Keswick Terminal, it serves as a gateway for travelers. The suburb features a mix of residential and commercial areas, with a variety of housing options ranging from traditional homes to modern apartments. Keswick's location provides easy access to nearby parks, shopping centers, and educational institutions, making it an attractive choice for professionals and families seeking urban convenience with a suburban feel.

Keswick property market performance

Keswick's property market has shown stability over the past 12 months, with no change in median house and unit values. The median house and unit prices remain at $0, indicating a lack of recent sales data. Over the last 12 months, only 2 houses and 4 units were sold, reflecting limited market activity.

The median days on market for units is 44 days, while there is no data for houses, suggesting a slower pace in the housing market. Despite the stagnant property values, the rental market has seen some movement, with house rents increasing by 12.1% to an average of $650, while unit rents have remained unchanged at $470.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
N/AN/A
Sold
Past 3 months
24
Median days on market
Past 12 months
N/A44
Average rent
Past 12 months
$650$470
Change in rent
Past 12 months
12.1%N/A

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Keswick demographics

Keswick, a suburb located just a few kilometers southwest of Adelaide's city center, offers a blend of urban convenience and suburban tranquility. With a population of 754, Keswick is a small yet vibrant community that attracts a diverse range of residents. The median age of 33 suggests a youthful demographic, likely drawn to the suburb's proximity to the city and its amenities. The area is well-connected by public transport, making it an ideal location for professionals working in Adelaide's CBD.

The suburb's housing market is characterized by a significant proportion of rental properties, with 54.3% of dwellings being rented. This high rental rate indicates a demand for flexible living arrangements, appealing to young professionals and families who value the convenience of renting. Meanwhile, 17% of properties are owned outright, and 28.6% are owned with a mortgage, reflecting a stable base of long-term residents and new homeowners.

Family dynamics in Keswick are diverse, with couple families with children making up 43% of the population, while couple families without children account for 36.6%. One-parent families represent 18.3%, showcasing a variety of family structures within the community. The suburb's family-friendly environment, combined with its accessibility to schools, parks, and shopping centers, makes it an attractive option for families seeking a balanced lifestyle close to the city.

Keswick infrastructure, key developments and investment opportunities

Keswick has the advantage of being an inner-adjacent suburb close to the Adelaide CBD and the park lands, which supports ongoing demand from buyers who value convenience and access to jobs, shopping and recreation. Its location on key transport corridors also improves connectivity for commuters, which is a positive factor for livability and long-term desirability.

There are no major suburb-specific redevelopment, school or transport projects in the available information that clearly stand out as having a near-term impact on the property market. As a result, Keswick’s appeal is currently being driven more by its established location, access to amenities and proximity to the city than by any major new local infrastructure changes.

Keswick rental market trends

The rental market in Keswick has shown varied performance, with house rents increasing by 12.1% over the past year to $650 per week, while unit rents have remained stable at $470 per week. This stability in unit rents, combined with the rise in house rents, highlights Keswick's appeal as a balanced rental market with potential for growth in a well-connected suburb.

Suburbs near Keswick

Some popular suburbs near Keswick include:

How does Keswick compare to nearby suburbs?

  • Median house prices: Keswick’s median house price is 28.5% lower than Richmond’s.
  • Selling speed for units: Properties in Keswick are selling 2.2% faster than in Everard Park.
  • Investment considerations: In Keswick, the rental yield for house is 3.2% higher than the Adelaide average, while the rental yield for units is 4.3% lower.
  • House price growth: Over the past 12 months, house prices in Keswick have grown 10.6% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Keswick have grown 1.3% lower than the average rate of growth for units across Adelaide.

Common questions about Keswick

  • Is Keswick a nice place to live?

    Keswick is a charming suburb that offers a delightful blend of urban convenience and suburban tranquility, making it a fantastic place to live. Its proximity to Adelaide's CBD ensures that residents enjoy easy access to the city's amenities while still benefiting from a peaceful neighborhood atmosphere. The suburb is known for its welcoming vibe, with a diverse community that includes young professionals, families, and long-term residents. Keswick's excellent transport links, including the nearby Keswick Terminal, make commuting a breeze, adding to its appeal for those working in the city.

    Families will find Keswick particularly attractive due to its family-friendly environment and access to schools, parks, and shopping centers. The suburb offers a variety of housing options, from traditional homes to modern apartments, catering to different lifestyle needs. While Keswick may not boast the nightlife and entertainment options of more central areas, it compensates with a strong sense of community and a quieter lifestyle. Safety is generally not a concern, contributing to the suburb's overall livability.

    One trade-off of living in Keswick is the high proportion of rental properties, which might not suit those looking for long-term homeownership. However, this also means that the suburb is accommodating to those seeking flexible living arrangements. While there are no major redevelopment projects currently impacting the property market, Keswick's established location and access to amenities continue to drive its desirability. For those seeking a balanced lifestyle with the convenience of city access, Keswick is a delightful choice.

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  • Is it expensive to live in Keswick?

    Living in Keswick, an inner suburb of Adelaide, can be a bit challenging in terms of affordability, especially when it comes to renting. The average rent for houses is about $650 per week, while units are slightly more affordable at $470 per week. This is a significant expense considering the median total household income in Keswick is approximately $1,432 per week. When you compare this to the average wage in Adelaide, which is around $87,000 per year, it's clear that a large portion of one's income would go towards rent if you choose to live in Keswick.

    While Keswick does not currently have data available for median house or unit prices, the rental prices alone suggest that living in this suburb requires careful financial planning. The cost of renting in Keswick is relatively high compared to the average income, which could make it less affordable for individuals or families earning around the average wage in Adelaide. If you are thinking of living in Keswick, it's important to consider whether your financial situation can accommodate the rental costs in this vibrant inner suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Keswick a good place to invest?

    Keswick presents an intriguing opportunity for investors, particularly those interested in rental income. While the median house and unit values have remained stable over the past year, the rental market tells a different story. House rents have surged by 12.1%, indicating a strong demand for rental properties. This suggests that while property values have plateaued, the rental market is thriving, making it an attractive option for investors seeking steady rental returns.

    The suburb's stability in property values might not promise rapid capital growth in the short term, but it does offer a low-risk investment environment. Keswick's appeal lies in its potential for consistent rental income, especially for houses, which could be a reliable source of cash flow for investors. The lack of change in unit rents and values suggests a more cautious approach for those considering units, but the overall rental demand in the area remains a positive sign.

    Overall, Keswick is a solid choice for investors focused on rental yield rather than immediate capital gains. Its steady property values and strong rental demand for houses make it a dependable option for those looking to build a stable investment portfolio.

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Choose the right real estate agents in Keswick

Choosing the right real estate agent in Keswick can have a big impact on your sale. While there are 17 real estate agents working in the suburb, but just 5 of them were responsible for 52.0% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.19% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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