Suburb Profile Report for Largs Bay SA (5016)

Largs Bay House: Median price $500,000, Annual capital growth 3.97%, Number of sales 69, Weekly median advertised rent $380

Largs Bay Unit: Median price $385,000, Annual capital growth 7.63%, Number of sales 25, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a an unimpressive capital gain of -2.44% for the last year, Largs Bay, 5016 is the 3200th highest performer in Australia in this respect.

Largs Bay,5016 was ranked 3687 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Largs Bay should be aiming for at least -7.11% off the asking price, which is the average vendor discount being achieved at the moment.

If you compare the increase in value of investment property in Largs Bay, 5016 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 43.12%.

Vendor discounting in Largs Bay is giving property investors an average Vendor Discount of around -6.25%. This puts suburb at number 70th in SA when ranking the most discounted suburbs.

With the median price for a house in Largs Bay being $385000 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 3.98%

Tom Walsh Information supplied by:

Tom Walsh
Walsh Real Estate

M 08 8242 3830
O 0412 844 861

W www.walshre.com.au
E tom@walshre.com.au
Investment property in Suburb has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.46%.

While Largs Bay,5016 ranked number 348th in SA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
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 Largs Bay, 5016. Typically our figures indicate that -5.41% is being offered, which puts this SA suburb at 3398th most discounted overall in Australia.

Situated 14.69km from the CBD, Largs Bay is one of Port Adelaide Enfield localities in the postcode 5016.Full summary
Investment property in Suburb has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.46%.
 
While Largs Bay,5016 ranked number 348th in SA for increase in median house value (annualised) increase, it is ranked 48th over the last 5 years.
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 Largs Bay, 5016. Typically our figures indicate that -5.41% is being offered, which puts this SA suburb at 3398th most discounted overall in Australia.
 
Situated 14.69km from the CBD, Largs Bay is one of Port Adelaide Enfield localities in the postcode 5016.
 
Selling points: 
  • Close to beach and CBD
  • Many varied styles of homes and post war with large blocks
 
Most sought-after properties: 
Old style villas and bungalows and corner blocks
 
Most common properties:  
Post war homes

Top amenities: 
Beach
 
Local industry and business:
ASC and Naval hub
 
Recent changes: 
Sub-divisions (Medium to small) 
 
Best streets: 
Esplanade, Military Road, Alexander Street, Anthony Street
 
Public transport: 
Both bus and train 
 
Main arteries: 
Port/ Torrens roads
Close
HOUSE UNIT
$500,000 $385,000
-4.76% N/A
-2.44% 43.12%
3.97% 7.63%
$380 $295
69 25
3.95% 3.98%
71.34 120.33

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Largs Bay SA
Demographics
Total population 3951
Median household income ($/weekly) 1207
Median age of persons 42
Median housing loan repayment ($/monthly) 1600
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 453 11.5
    25-34 years 392 9.9
    35-44 years 591 15.0
    45-54 years 632 16.0
    55-64 years 511 12.9
    Others 1371 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 1336 46.1
    Not Married 1227 42.3
    Defacto Relationship 336 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3158 83.3
    Greece 27 0.7
    Papua New Guinea 34 0.9
    United Kingdom 326 8.6
    Other 70 1.8
    Others 176 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 0.8
    Christianity 2263 62.8
    Islam 18 0.5
    Other Religious Groups 14 0.4
    No Religion 1273 35.3
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 148 10.9
    $1,000-$1,249 126 9.3
    $1,500-$1,999 163 12.0
    $2,000-$2,499 146 10.7
    $2,500-$2,999 128 9.4
    Others 649 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1219 38.7
    Not in the labour force 1100 35.0
    Employed, worked part-time 632 20.1
    Employed, away from work 109 3.5
    Unemployed, looking for work 87 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 225 11.5
    Professionals 443 22.6
    Technicians & trades workers 296 15.1
    Community & personal service workers 212 10.8
    Clerical & administrative workers 319 16.3
    Others 465 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 60 6.7
    Infants/Primary 345 38.8
    Secondary 249 28.0
    Technical or Further Educational Institution 61 6.9
    University or other Tertiary Institutions 153 17.2
    Others 22 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3178 87.8
    Semi-detached, row or terrace house, townhouse 257 7.1
    Flat, unit or apartment 165 4.6
    House or flat attached to a shop, office 18 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 615 41.8
    Fully owned 510 34.7
    Rented 322 21.9
    Other tenure type 24 1.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals