Suburb Profile Report for Allenby Gardens SA (5009)

Allenby Gardens House: Median price $618,000, Annual capital growth 4.76%, Number of sales 31, Weekly median advertised rent $420

Allenby Gardens Unit: Median price $419,000, Annual capital growth N/A, Number of sales 13, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 616th in the list of Australian suburbs ordered by increase in median house value over the last year, Allenby Gardens, 5009 is in the top 20% with a property value increase of 14.98% recorded in median house prices.

Over the longer term, Allenby Gardens has seen property prices show investors a 27.16% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Allenby Gardens, 5009. Typically our figures indicate that -2.35% is being offered, which puts this SA suburb at 3685th most discounted overall in Australia.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.53%, without taking into account capital value appreciation, which has been averaging out at 4.76%.

While Allenby Gardens,5009 ranked number 108th in SA for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

YIP MAG Information supplied by:

YIP MAG
March 2016

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Less than 10km from the centre of Adelaide, Allenby Gardens appears to be a popular location for tenants.Full summary Less than 10km from the centre of Adelaide, Allenby Gardens appears to be a popular location for tenants.

Over the past 12 months the already-tight vacancy rate in Allenby Gardens, which sits to the northwest of the CBD, has contracted further to just 0.68%, according to Real Estate Investar.

Despite the fact that the rental market is quite tight, landlords in Allenby Gardens aren’t receiving the greatest of returns, with rental yields currently sitting at just 4%.

The low yields are more than likely offset by solid growth in the suburb, with the median house price up 15% in the past three years.

Even with that level of growth, Allenby Gardens remains relatively affordable as its median house price sits at just over $540,000.

Those looking to buy their way into the suburb will likely have plenty to choose from, with figures from SQM research showing the level of stock on the market has increased by more than 140% in the past year.Close
Metrics i HOUSE UNIT
$618,000 $419,000
5.93% 0.24%
14.98% N/A
4.76% N/A
$420 $320
31 13
3.53% 3.97%
47.5 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 1893
Median household income ($/weekly) 1224
Median age of persons 39
Median housing loan repayment ($/monthly) 1465
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 241 12.7
    25-34 years 235 12.4
    35-44 years 310 16.4
    45-54 years 288 15.2
    55-64 years 234 12.4
    Others 585 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 747 50.8
    Not Married 622 42.3
    Defacto Relationship 102 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1417 77.4
    Hong Kong 41 2.2
    Japan 58 3.2
    United Kingdom 59 3.2
    Other 55 3.0
    Others 201 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 69 3.8
    Christianity 1265 70.4
    Islam 17 0.9
    Other Religious Groups 33 1.8
    No Religion 395 22.0
    Others 17 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 71 10.5
    $600-$799 73 10.8
    $1,000-$1,249 76 11.2
    $1,500-$1,999 87 12.9
    $2,000-$2,499 72 10.6
    Others 298 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 621 41.2
    Not in the labour force 450 29.9
    Employed, worked part-time 326 21.6
    Unemployed, looking for work 60 4.0
    Employed, away from work 49 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 127 12.8
    Professionals 206 20.7
    Technicians & trades workers 122 12.3
    Clerical & administrative workers 199 20.0
    Sales 114 11.5
    Others 227 22.8
    Occupation
    Census Count Percent(%)
    Pre-school 22 4.6
    Infants/Primary 195 40.4
    Secondary 101 20.9
    Technical or Further Educational Institution 49 10.1
    University or other Tertiary Institutions 99 20.5
    Others 17 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1555 84.6
    Semi-detached, row or terrace house, townhouse 167 9.1
    Flat, unit or apartment 116 6.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 278 38.6
    Fully owned 257 35.7
    Rented 179 24.9
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals