SA Suburb Profile: Glenelg

STATE SPOTLIGHT: SOUTH AUSTRALIA

SUBURB REPORT: GLENELG

Suburb Report: Glenelg South Australia Auction Schedule Kangaroo Island Resort Developer Seeks Interest South Australia Listings

Located approximately 10km south-west of the Adelaide CBD, the bay-side suburb of Glenelg is renowned for its sandy beach and vivacious atmosphere. With a wide range of activities to suit families, couples and tourists alike, Glenelg experiences a high level of visitation. Attractions of note include the abundance of trendy hospitality venues, the family-friendly Beachouse Amusement Centre and The Bay Discovery Centre, which offers the popular dolphin spotting tours.

RESIDENTS

Between the 2011 and the latest 2016 census, the median age of Glenelg rose from 46 to 50-years-old compared to SA; 40 and AUS; 38. Total population decreased slightly, falling by 2.9% to 3,349. While population is evenly spread from the ages of 20 plus, 31.2% of the population are aged between 55 and 74; this high proportion of over-55s is notably higher than the rest of the state.

Glenelg residents’ background primarily lies in UK origins, with 64.9% identifying their heritage as UK or Australian; this is also reflective of wider South Australia figures.

CULTURE

Glenelg is a popular tourist destination for residents of Adelaide, interstate and international visitors. The gold sandy beach,

pine tree border and clear blue water ideal for swimming, is the pride of residents and is often the first thing remarked.

The area exudes a trendy and up-andabout vibe, with laid-back pubs, organic cafes, global eateries and indie boutiques located throughout. Jetty Road is the main commercial strip, running through the middle of the town and straight onto the Glenelg Pier.

In 2016 part of the region’s seaside strips were rezoned to allow for higher density residential and commercial development.

PRICE

Houses: The median house price has experienced a somewhat tumultuous time leading up to the middle of 2018, when it dropped to $597,000. Since then it has seen a return to favour, reaching $920,000 in March 2019. The current weekly median advertised rent is $460.

Units: Median unit prices have told a different story, experiencing relatively stable growth from $359,250 in January 2016 to $439,000 in March 2019. The current weekly median advertised rent is $380.

SIGNIFICANT PROJECTS

EI8HT South Esplanade (7-8 South Esplanade): This $75 million, 12-storey project is the first new absolute beachfront apartment development in Glenelg for more than 20 years.

The site is just 200m south of Moseley Square and will comprise 52 world-class apartments. A Porte-cochère, ocean facing indoor pool and a resident’s private gymnasium will all be key features of the building.

Chasecrown Director and project architect Louis Kanellos said the quality of the design and build of this project will set a new benchmark for apartment living in South Australia.

15-23 Jetty Road: Taplin Group have been granted approval for a new 32 apartment residential development in the heart of Glenelg. The building will rise seven-storeys and is exempt from Jetty Road’s five-storey limit because the site is larger than 1,500sqm.

This $30 million project joins another approved project by Taplin, the $28 million Colley Terrace residential.

EI8HT South Esplanade

Image Credit: Louis Kanellos