Suburb Profile Report for Ridleyton SA (5008)

Ridleyton House: Median price $496,250, Annual capital growth 4.68%, Number of sales 19, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 2518th in the list of Australian suburbs ordered by increase in median house value over the last year, Ridleyton, 5008 is in the BOTTOM 40% with a property value increase of 3.39% recorded in median house prices.

Ridleyton,5008 was ranked 3730 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Ridleyton are currently offering property investors an average price cut of -3.88% below the asking price at the moment.

At number 512 in a list of fastest selling suburbs, Ridleyton is in the TOP 20% of suburbs in Australia with an average of days on market 46.91 for properties listed there.

Property investors should expect to get $395 weekly from the median priced house in this suburb.

Information supplied by:


April 2017

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Within the inner northern region of Adelaide just 4.3km from the CBD, the suburb of Ridleyton is on the rise. It is a central hub for shopping, with the Ridleyton Central Shopping Centre serving not only Ridleyton but neighbours Croydon, Renown Park, Brompton and Hindmarsh.Full summary

Central shopping district maintains upswing
Median house price: $520,000
Three-year growth: 19.54%
Rental yield: 3.70%

Within the inner northern region of Adelaide just 4.3km from the CBD, the suburb of Ridleyton is on the rise.

It is a central hub for shopping, with the Ridleyton Central Shopping Centre serving not only Ridleyton but neighbours Croydon, Renown Park, Brompton and Hindmarsh. The complex contains a pharmacy, bakery and supermarket. In addition, Ridleyton residents are close to the dining centres on Hawker Street and Elizabeth Street. For those who favour nature, Albert Greenshields Reserve provides a barbecue spot, playing field and playground, while being located alongside a creek.

House prices are at a median of $520,000, a reasonable price considering its location. The growth trend for the past five years has also been strong, with a 13.5% increase being recorded in the past 12 months. The average discount rate of 4.2% benefits sellers, although yields may be low for investors.

Close
Metrics i HOUSE UNIT
$496,250 N/A
-3.87% N/A
3.39% N/A
4.68% N/A
$395 N/A
19 N/A
4.14% N/A
46.91 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1070
Median household income ($/weekly) 942
Median age of persons 35
Median housing loan repayment ($/monthly) 1863
Average household size 2.2
  • Census Count Percent(%)
    20-24 years 108 10.1
    25-34 years 210 19.6
    35-44 years 172 16.0
    45-54 years 140 13.1
    55-64 years 112 10.4
    Others 330 30.8
    Age Group
    Census Count Percent(%)
    Not Married 463 54.2
    Registered Married 287 33.6
    Defacto Relationship 104 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 653 63.5
    Croatia 39 3.8
    United Kingdom 56 5.4
    Viet Nam 45 4.4
    Other 49 4.8
    Others 186 18.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 6.2
    Christianity 532 54.8
    Hinduism 24 2.5
    Islam 39 4.0
    No Religion 301 31.0
    Others 15 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 62 14.3
    $400-$599 45 10.4
    $600-$799 40 9.2
    $1,000-$1,249 42 9.7
    $1,500-$1,999 51 11.8
    Others 194 44.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 366 42.2
    Not in the labour force 288 33.2
    Employed, worked part-time 155 17.9
    Unemployed, looking for work 33 3.8
    Employed, away from work 26 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 54 9.9
    Professionals 135 24.8
    Technicians & trades workers 71 13.1
    Community & personal service workers 60 11.0
    Clerical & administrative workers 88 16.2
    Others 136 25.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 82 30.3
    Secondary 48 17.7
    Technical or Further Educational Institution 24 8.9
    University or other Tertiary Institutions 97 35.8
    Other type of educational institution 13 4.8
    Others 7 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 738 71.0
    Semi-detached, row or terrace house, townhouse 188 18.1
    Flat, unit or apartment 113 10.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 240 51.9
    Being purchased 140 30.3
    Fully owned 82 17.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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