Suburb Profile Report for Bowden SA (5007)

Bowden Unit: Median price $427,000, Annual capital growth 4.00%, Number of sales 76, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Property value increases in Bowden have tracked close to the SA average of 4.27% over the last 12 months.

Across a shorter period, Bowden, 5007 has seen a median price increase of 1.07% over the last quarter.

With the median price for a house in Bowden being $427000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.63%

YIP MAG Information supplied by:

YIP MAG
May 2016

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The suburb of Bowden is on the map for all the right reasons.Full summary The suburb of Bowden is on the map for all the right reasons.

Once renowned for its ‘crime and grime’, Bowden has been turning the stigma around since it was bought by Renewal SA as a flagship urban renewal project in line with The 30-Year Plan for Greater Adelaide blueprint.

As a result, this once-avoided suburb is undergoing major transformation, with a focus of sustainability and a merging of Bowden’s industrial history with its modern future.

Designed to be developed as a totally walkable neighbourhood, Bowden will be filled with contemporary apartment buildings, easy public transport and a pedestrian pathway that directly accesses the city.

Bowden also offers lifestyle factors such as parks, bike trails, community gardens, a commercial district and an urban cafe vibe.

Proximity to the new Royal Adelaide Hospital adds to the suburb’s appeal.

While 3,500 dwellings are approved for construction over the next decade, Bowden is expected to skirt the oversupply issue of other Adelaide suburbs due to the unique lifestyle it offers.

Senior property manager Katherine Skinner, from National Property Buyers Adelaide, has witnessed Bowden’s rising popularity in action.

“You can already see this area booming, with new cafes and restaurants opening, new bars, new shops ... and this is only the beginning.”Close
HOUSE UNIT
N/A $427,000
N/A 1.07%
N/A 1.67%
N/A 4.00%
N/A $380
N/A 76
N/A 4.63%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 619
Median household income ($/weekly) 766
Median age of persons 39
Median housing loan repayment ($/monthly) 1663
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 45 7.2
    25-34 years 126 20.3
    35-44 years 107 17.2
    45-54 years 102 16.4
    55-64 years 83 13.4
    Others 158 25.4
    Age Group
    Census Count Percent(%)
    Not Married 290 58.2
    Registered Married 132 26.5
    Defacto Relationship 76 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 434 74.2
    Croatia 15 2.6
    Papua New Guinea 15 2.6
    United Kingdom 38 6.5
    Other 26 4.4
    Others 57 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 3.8
    Christianity 269 48.7
    Islam 10 1.8
    Other Religious Groups 4 0.7
    No Religion 245 44.4
    Others 3 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 29 10.4
    $300-$399 45 16.1
    $400-$599 31 11.1
    $600-$799 30 10.8
    $1,000-$1,249 25 9.0
    Others 119 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 190 37.0
    Employed, worked full-time 172 33.5
    Employed, worked part-time 115 22.4
    Unemployed, looking for work 28 5.4
    Employed, away from work 9 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 31 10.5
    Professionals 92 31.1
    Technicians & trades workers 30 10.1
    Community & personal service workers 32 10.8
    Clerical & administrative workers 39 13.2
    Others 72 24.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 30 21.7
    Secondary 22 15.9
    Technical or Further Educational Institution 11 8.0
    University or other Tertiary Institutions 55 39.9
    Other type of educational institution 12 8.7
    Others 8 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 266 45.5
    Semi-detached, row or terrace house, townhouse 255 43.6
    Flat, unit or apartment 60 10.3
    House or flat attached to a shop, office 4 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 189 63.2
    Being purchased 60 20.1
    Fully owned 46 15.4
    Other tenure type 4 1.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals