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Wayville suburb profile

Wayville is a charming suburb located just 2km south of Adelaide's CBD, known for its blend of historic charm and modern conveniences. This suburb is home to the Adelaide Showground, a hub for events and exhibitions, adding vibrancy to the area. Wayville offers a mix of character homes and contemporary apartments, appealing to a diverse range of residents. With its tree-lined streets, parks, and proximity to the city, it provides a peaceful yet connected lifestyle. The suburb's excellent public transport links and local amenities make it a desirable location for professionals and families alike.

Wayville property market performance

Current median dwelling price$961,250Past 3 months

Property growth+19.7%Past 12 months

Wayville’s property market has shown a notable divergence in performance over the past 12 months. While house values have remained stable with no change, unit values have surged by 31.1%, indicating a strong demand for units in the area. Despite this, both houses and units have seen limited sales activity, with only 4 of each sold in the past year.

The time properties spend on the market varies significantly, with houses taking a median of 54 days to sell, while units linger for 98 days, suggesting a slower pace in the unit market despite the price increase.

The rental market in Wayville has experienced growth, with house rents increasing by 7.1% and unit rents by 10% over the last 12 months, reflecting a healthy demand for rental properties in the suburb.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
3.0%36.5%
Sold
Past 3 months
65
Median days on market
Past 12 months
54101
Average rent
Past 12 months
$650$550
Change in rent
Past 12 months
3.2%10.0%

5 year median price trend for houses and units

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Wayville demographics

Wayville, a charming suburb located just a few kilometers south of Adelaide's city center, offers a blend of urban convenience and suburban tranquility. With a population of 1,922, Wayville is a close-knit community that appeals to a diverse range of residents, from young families to professionals and retirees. The median age of 38 suggests a mature community, with many residents enjoying the balance of city access and a quieter lifestyle.

The suburb's housing landscape is varied, with a significant portion of properties being rented, accounting for 46.6% of the housing market. This high rental rate indicates Wayville's appeal to those seeking flexible living arrangements, including young professionals and families. Meanwhile, 29.2% of homes are owned outright, and 24.2% are owned with a mortgage, reflecting a stable community with a mix of long-term residents and new homeowners.

Family dynamics in Wayville are diverse, with 40% of families being couples with children and 46% being couples without children. This balance highlights the suburb's appeal to both growing families and those who prefer a quieter household. The presence of one-parent families, making up 12.5% of the community, adds to the suburb's inclusive and supportive environment. With its proximity to Adelaide's amenities and its own local charm, Wayville offers a desirable lifestyle for those seeking a harmonious blend of city and suburban living.

Suburbs near Wayville

Some popular suburbs near Wayville include:

How does Wayville compare to nearby suburbs?

  • Median house prices: Wayville’s median house price is 13.5% lower than Goodwood’s.
  • House price growth: Over the past 12 months, house prices in Wayville have grown 51.1% higher than in Forestville.
  • Unit price growth: Over the past 12 months, unit prices in Wayville have grown 38.9% higher than in Hyde Park.
  • Selling speed for houses: Properties in Wayville are selling 21.7% faster than in Goodwood.
  • Selling speed for units: Properties in nearby Keswick are selling 56.4% faster than in Wayville.
  • Investment considerations: In Wayville, the rental yield for house is 2.8% higher than the Adelaide average, while the rental yield for units is 12.0% higher.
  • House price growth: Over the past 12 months, house prices in Wayville have grown 53.7% higher than the average rate of growth across Adelaide.
  • Unit price growth:Over the past 12 months, unit prices in Wayville have grown 25.5% higher than the average rate of growth for units across Adelaide.

Choose the right real estate agents in Wayville

There are 26 real estate agents in Wayville, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 38.2% of all sales in the past year.

Commission rates in Wayville typically range from 1.13% to 2.5%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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