Suburb Profile Report for Port Adelaide SA (5015)

Port Adelaide House: Median price $547,500, Annual capital growth 7.39%, Number of sales 12, Weekly median advertised rent $390

Port Adelaide Unit: Median price $390,000, Annual capital growth N/A, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors looking for a bargain in Port Adelaide should be aiming for at least -4.24% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Port Adelaide have been waiting around 67.81 days to sell a property.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 3.70%, without taking into account capital value appreciation, which has been averaging out at 7.39%.

Property investors looking for a bargain in Port Adelaide should be aiming for at least -6.54% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Port Adelaide have been waiting around 61.1 days to sell a property.

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Port Adelaide may not have taken off the way investors had hoped when grand plans were announced for $1.5bn in redevelopments several years ago, but it could still be set for the type of growth that saw the regeneration of industrial suburbs in Melbourne and Sydney.Full summary

Port Adelaide may not have taken off the way investors had hoped when grand plans were announced for $1.5bn in redevelopments several years ago, but it could still be set for the type of growth that saw the regeneration of industrial suburbs in Melbourne and Sydney.

“It’s industrial, but so were places like the Docklands [Melbourne] and places in Sydney, like the wharfs that they’ve turned around,” says Angelo Mena, managing director of Adelaide Property Finders.

“People are screaming about Christies Beach because it’s $300,000 to $350,000 to get into a reasonable place there and you’re close to the beach, but you’re 30-35km from the city. Port Adelaide is much closer.”

At around 15km from the CBD along Port Road, Port Adelaide is certainly accessible by car, and is just 20 minutes from Adelaide station by train.

The rental market is tight, with vacancy rates having however around the 2% mark since August 2010, according to SQM Research, and the average yield for houses is relatively strong at more than 5%.

“The vision that people had five or 10 years ago when they were planning all of this may have stalled, but it will come to fruition,” says Mena.

Close
Metrics i HOUSE UNIT
$547,500 $390,000
20.33% 3.31%
N/A N/A
7.39% N/A
$390 $320
12 16
3.70% 4.27%
67.81 61.1

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Port Adelaide SA
Demographics
Total population 1293
Median household income ($/weekly) 817
Median age of persons 41
Median housing loan repayment ($/monthly) 1733
Average household size 1.9
  • Census Count Percent(%)
    5-14 years 104 8.0
    25-34 years 187 14.5
    35-44 years 204 15.8
    45-54 years 206 15.9
    55-64 years 200 15.5
    Others 392 30.3
    Age Group
    Census Count Percent(%)
    Not Married 581 60.0
    Registered Married 288 29.7
    Defacto Relationship 100 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 896 75.0
    Croatia 16 1.3
    Papua New Guinea 30 2.5
    United Kingdom 88 7.4
    Other 50 4.2
    Others 114 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 1.8
    Christianity 639 57.0
    Islam 22 2.0
    Other Religious Groups 10 0.9
    No Religion 427 38.1
    Others 4 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 46 8.4
    $300-$399 86 15.7
    $400-$599 63 11.5
    $600-$799 52 9.5
    $1,500-$1,999 54 9.9
    Others 247 45.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 406 39.0
    Employed, worked full-time 371 35.6
    Employed, worked part-time 189 18.1
    Unemployed, looking for work 43 4.1
    Employed, away from work 33 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 84 14.2
    Professionals 96 16.2
    Technicians & trades workers 77 13.0
    Clerical & administrative workers 93 15.7
    Sales 74 12.5
    Others 168 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 13 5.3
    Infants/Primary 71 29.2
    Secondary 65 26.7
    Technical or Further Educational Institution 36 14.8
    University or other Tertiary Institutions 46 18.9
    Others 12 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 649 56.2
    Semi-detached, row or terrace house, townhouse 389 33.7
    Flat, unit or apartment 107 9.3
    House or flat attached to a shop, office 9 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 332 56.6
    Being purchased 132 22.5
    Fully owned 114 19.4
    Other tenure type 9 1.5
    Tenure Type
Census 2011, ABS
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