Development Plan - City of Playford - SA.Gov.au

2.0 Land Supply & Population Trends - Projections
2.1 Residential Market Analysis
2.1.1 Dwelling and Land Sales
A dwelling and land market analysis has been undertaken of suburbs located within and adjacent to
the Area Affected, in order to:
• gauge overall sales activity in this area;
• provide some indication of what land products are the most popular or at least what products
have been offered to the market;
• average sales price and affordability implications.
Peachey Belt
Dwelling and land sales data for each of the suburbs of Smithfield, Smithfield Plains and Davoren
Park has been combined to provide an overall snapshot for the whole of the Peachey Belt. Figure
2.1 shows the number and average sale price of all dwellings within the Peachey Belt.
It is evident that there has been some fluctuation in the average number of sales, with a peak in
2003. Since 2004 the number of sales has been relatively steady, averaging 262 dwellings per
annum over the past three years. The average dwelling sale price has however consistently
increased over the five year period, with Smithfield outperforming the balance of the Peachey Belt,
which is reflective of sales within new infill areas.
Figure 2.1: Peachey Belt Annual Dwelling Sales 2002-2006
$200,000
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
2002 2003 2004 2005 2006
Smithfield Plains Smithfield Davoren Park Peachey Belt
Figure 2.2 shows the number and average sale price of all residential land in the Peachey Belt. It is
evident that there was a peak in land sales in 2004, with declining land sales since this time. Other
than a decline in 2003, the average land sale prices have experienced strong growth over the study
period. As for dwelling sales, the average sale price for land within Smithfield Plain has
outperformed the balance of the Peachey Belt.
Playford North DPA -12-
Jul 08
Final DPA 20 August 08.doc Version 3