Craig

And that's one of the main draw cards that people really like this area.

A hundred percent.

People are really focused on just finding a nice little suburb.

I mean, if they can't get the house in the suburb they want, they're looking for a two-bedroom unit.

If they can't get the two-bedroom unit, they're even open-minded enough now that they're looking at a one-bedroom unit.

You go back five years ago, that certainly wasn't the case prior to COVID.

Things have really shifted and mindsets have changed.

Medians, approximately 650,000 is what we're finding.

And it really depends on whether it's a two-bedroom or a one-bedroom.

There is a lot of that data skewed towards the old Transport SA building, which was converted from an office building into a residential complex.

So they've got one bedroom, they've got studios.

So that can influence the median sale price, depending on how many of those have sold in the area.

But typically, you will find some of those 70s, charming, colonial-style buildings

single level, which appeal to your downsizes more so.

Correct.

And the other thing is proximity to public transport.

You've got the Tonsley redevelopment, you've got the South Road upgrade.

So I think that's going to appeal to a lot of lifestyle people, but also investors that have done their research and understand that with that easier access comes lower commutes and hence it's going to drive demand.

Hey, it's the Real Estate Breakfast, back for the weekend, breaking down for you the Australian property market.

Got a busy show coming up.