Adelaide’s longest held suburbs revealed

Residents of a small north-eastern suburb that many don’t even know exists are holding on to their houses longer than those in any other area.

Houses in Vista, which is a neighbour of St Agnes and Tea Tree Gully, have an average hold period of 23 years, according to latest PropTrack figures.

That’s double the average for Greater Adelaide as a whole, which is just over 11 years.

Harris Real Estate agent Andrew Farnsworth said Vista, which had a median house price of $787,500, was a “hidden gem”, with many people discovering it only once they started searching for properties.

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The Vista house at 1 Endurance St sold in May for $960,000.

Earlier this year, the Vista home at 2 David St changed hands for $920,000.

Anstey Hill occupies the majority of Vista.

Vista is considered a family suburb.

Having sold several homes in the suburb, Mr Farnsworth said people were attracted to its leafy surrounds while still being close to modern conveniences, including Tea Tree Plaza, public transport and schools.

“People go to Vista because it’s a lifestyle suburb,” he said.

“The main thing in Vista is Anstey Hill – there’s a lot of bird life and it’s very green.

“We’re starting to see some knock downs and rebuilds so we are getting those newer homes, otherwise it’s those full-size blocks.

“People are buying into it for family homes.”

Further south, Colonel Light Gardens had the second longest average hold period at 18.7 years.

Ouwens Casserly Real Estate agent James Robertson wasn’t surprised given all the heritage suburb had to offer, including large blocks and beautiful character homes.

The homes in Vista are known for their large blocks.

The Colonel Light Gardens home at 6 Hastings Rd was snapped up in May for $2.01m.

The house at 39 Penang Ave, Colonel Light Gardens, is on the market for $1.75m to $1.85m.

He said its heritage meant there were restrictions on what homeowners could and couldn’t do to their houses but many residents liked that.

“You get certainty and consistency,” he said.

“We’ve also got really nice, wide, tree-lined streets, beautiful character homes and lots of money has been spent on them.

“It doesn’t surprise me. It’s pretty hard to beat.

“If you fast forward another 18 years, I reckon it will still be up there (as a long-held suburb), I reckon it will be one of those suburbs people will always want to live in.”

Colonel Light Gardens is one of Adelaide’s million-dollar suburbs, with a median house price of $1.52m.

Kilkenny, Marino and Panorama rounded out Adelaide’s list of top 5 longest held suburbs for houses at 17.2, 16.9 and 16.5 years respectively.

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