Home News South Australia’s Exclusive Suburb of Medindie Offers Historic Mansions, Grand New Builds and Sprawling Parklands

South Australia’s Exclusive Suburb of Medindie Offers Historic Mansions, Grand New Builds and Sprawling Parklands

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From stately historic mansions to expensive new buildings with 20 underground garage spaces. Adelaide, The capital of South Australia has always been a wealthy place, with buyers lining up for property with a Blue Ribbon address.

Many enthusiastic buyers and investors are ready to wait for years to be spectacular Victorian mansion Or a vast, more modern home on the market in the area. Such properties tend to move fast. With an impressive facade, vast lawns, well-kept gardens, tennis courts and swimming pool, the stunning mansion is located on a vast 1-acre land that cannot be developed or subdivided, making it even more appealing to buyers. It is a target.

There are many historic dwellings in the suburbs, including Wilyama, It was built in 1883 by the prospector Charles Rasp, who discovered an abundant deposit in Broken Hill, New South Wales, and the Briars, built in 1856 for the hospital George Hawker.

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Robe Terrace is a suburban star attraction lined with fascinating mansions, including Elysian, a modern home that broke the state’s home sales record. After selling over A $ 10 million (US $ 6.89 million) last year. Quite Victorian villas, contemporary terraces, townhouses and cottages are also sought after, but their magnificent mansions are fascinating.

Medindie offers high quality inventory at all levels and attracts families and professionals looking for a long stay after a “rock and leave” lifestyle seeking a comfortable base while in Adelaide. ..

Not only for medical professionals who want to be near major hospitals, but also for farmers based in northern states who want to spend their weekends near CBD, North Adelaide, and Adelaide Oval, the venue for sports and entertainment. Also appeals.

Nature lovers and fitness enthusiasts enjoy Adelaide Parkland, Australia’s largest backyard. The River Torrens Linear Park Trail is a spectacular 30km nature walk.

It is also right next to the vibrant and international districts of Prospect Road, Walkerville Terrace and O’Connell Street, all of which offer charm and convenience.

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Direct access to the city center, Adelaide Zoo and Botanical Gardens. In addition, you can easily walk to the Randall Street area for shopping.

Stephanie Williams, Adelaide Real Estate Agent at Williams Luxury Real Estate, said Medindie has created charm and fame in some stunning homes.

“There are some new properties that feature not only stunning properties, but also underground accommodation for 15 to 20 cars and stunning cellars,” she said.

The suburbs are a 10-minute drive north of the city center and a 20-minute drive to Adelaide International Airport.

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boundary

Medindie is adjacent to Adelaide ParklandNorth of North adelaideAnd limited by Robe terrace North Court Terrace to the south, Nottage Terrace to the east, Notage Terrace to the north Main North Road To the northwest. It is close to Adelaide’s central business district and is surrounded by parks.


Price range

According to Kaytlin Ezzy, a research analyst at CoreLogic, Medindie’s homes hit a median of A $ 2 million as of April, with prestigious values ​​ranging from A $ 2.38 million to A $ 3.47 million. Compared to the nearby Prospect-Walkerville, Medindie’s median is 62.6% higher, which corresponds to a value gap of about A $ 771,863, almost twice (91%) the median of the Greater Adelaide region (A $ 1.05 million). is.

Edsey said home price trends in Medindy have been positive over the past few years, rising 30.1% in the year to April and 57.2% in the last five years. This raised the median from A $ 1.27 million in April 2017 to A $ 1.54 million in 2021, rising A $ 463,644 over the past year to a current median of just over A $ 2 million.

According to Williams, Medindie is one of South Australia’s most famous suburbs, home to generations of families and new wealthy buyers who have lived there for centuries. increase.

“When they buy there, they are a very close place and offer outstanding exclusivity and fame. Important mansions and luxury real estate, as well as real estate that owns prominent land, are for wealthy families. We have encouraged people to invest in the region for generations, “she said. ..


Housing stock

With buildings ranging from historic Victorian style to modern modern homes, the Medindy market is in short supply of very prominent luxury properties.

Fascinating villas, terraces, townhouses and cottages are also popular.

Williams said Lifestyle Estates and Family Homes will always sell within a scheduled sales campaign, whether through a statement of interest, an auction, or a private treaty.

This 6-bedroom, 4-bathroom luxury home in Medindy is currently under contract.

Williams Luxury

“Covid has changed the buying pattern of the luxury market, especially as wealthy customers have changed their priority to more home-based activities and health and wellness are key priorities,” Williams said. increase. “The demand for swimming pools, tennis courts, beautifully established gardens, wellness retreats and home offices is more popular than ever. Demand for luxury homes is higher than ever.”

According to statistics, Medindie has 394 homes for sale, the nearby suburbs of Norwood have 1,901 homes, and St. Peter’s has 870 homes.

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What is unique

Buyers are fascinated by Medindie with its magnificent adjoining park, proximity to Central Adelaide, and larger than average block sizes.

It is also the only suburb just a short walk from the girls-only Wilderness School.

Luxury amenities

Surrounded by shopping facilities such as Rundle Mall and Rundle Street in the city, Medindy is home to a variety of luxury boutiques, including the David Jones Department Store. It’s also very close to the trendy Melbourne Street, cosmopolitan O’Connell Street, North Adelaide Shopping Village, and shops along the ultra-trendy Prospect Road.

North Adelaide grocery stores include Cibo Espresso, The Flying Fig, Coffee Gods Café, Romeo’s Foodland, and North Adelaide Village.

Top restaurants include South Australia’s iconic Lion Hotel, directly across from Parkland, and North Adelaide’s Jinlong dining room, Ruby Red Flamingo, and Marrakech. The nearby Adelaide CBD has a variety of great restaurants, including Soi 38, known for its Thai cuisine, Fugazzi Bar and Dining Room, Osteria Oggi, and Japanese-style Erato, inspired by Italian-Americans. TeppanyakiMichelin Star Burnt End Chef Jake Kelly’s Singapore Star Parade Arque and Kensington Road Ortho, where seafood and pasta are popular.

Private schools include Wilderness School, St. Peter’s College, Prince Alfred College, and St Andrews School. Nearby public schools include the new Adelaide Botanical High School, North Adelaide Elementary School, Walkerville Elementary School, and Prospect Elementary School.


Who lives there?

Real estate tycoons, farmers, bankers, medical professionals, successful IT professionals, and social celebrities all call Medindy home.

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Outlook

Williams said Medindie’s market remains incredibly strong, with buyers’ demand for this respected suburb at record highs and no signs of slowdown.

“We continue to experience very high levels of buyer inquiries about homes sold in the region, and some homes sell off-market without reaching paper or online platforms. “She said.

“The suburbs have always been very well functioning in terms of capital growth and are consistently functioning in the top 10 suburbs of South Australia. Medindie’s average home price over the last 12 months has averaged A $ 2.68 million. In dollars, it’s a staggering 82.4% growth during this period. “

Essy said capital gains across Adelaide’s housing market have begun to ease, although they report strong quarterly growth compared to national trends (5.6%).

“The housing market is on a downtrend as cash rates begin to rise and consumer confidence continues to decline, and the high end of the market usually has higher volatility both in the up and down phases of the cycle. It may be showing, “she said.

Click to see more profiles for high-end districts around the world


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