Suburb Profile Report for Taperoo SA (5017)

Taperoo House: Median price $339,000, Annual capital growth 3.72%, Number of sales 37, Weekly median advertised rent $350

Taperoo Unit: Median price $235,000, Annual capital growth 3.69%, Number of sales 17, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Taperoo, 5017 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -2.45%.

Taperoo,5017 has offered an average of -2.45% return per annum in house price rises to property investors over the last three years.

At number 279th of SA’s most discounted properties, Taperoo is in the TOP 30% of the state/territory when listing in order of most discounted to least.

The SA suburb of Taperoo, 5017 is in the Port Adelaide Enfield local government area.

At number 907th in the list of Australian suburbs ordered by increase in median house value over the last year, Taperoo, 5017 is in the BOTTOM 50% with a property value increase of 2.17% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Taperoo comes in at number 80th in SA.

Property buyers and investors in Taperoo 5017 should be seeing an average reduction in asking price of around -5.45% . This means that Taperoo is holding prices well when compared to other suburbs in SA.

In the last year 17 properties changed hands in Taperoo, which puts it as the 129th most active market in SA when comparing the number of sales per suburb.

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Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.Full summary

Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.

What really makes it stand out is its excellent level of relative affordability, and a strong rental market. Median prices compare very well with neighbouring Largs Bay  North Haven, for example.

“There are boat ramps nearby, and it offers good affordability for people that are looking for the beachside lifestyle. There aren’t many places that can offer coastal living at these prices,” says Harcourts Semaphore sales consultant Phil Tan.

He notes however that what Taperoo’s median price figures don’t reveal is that it’s something of a tale of two cities in terms of property prices.

“There’s a mix of properties in Taperoo,” he says. “Properties on the west side of Victoria Road are more popular, and sell for better prices, as they’re closer to the beach. The cheaper, sub-$250,000 properties are on the east side, closer to the port area.”

He notes that rents are naturally higher in beachside areas, and this is the area that a large proportion of investors head to, but that you’re more likely to find a neutrally or positively geared property in eastern zones.

The rental market here is certainly solid, with yields sitting at around 5%, and the monthly vacancy rate being consistently below 1% for the past couple of years.

Renters made up 41% of the area’s population base at the 2006 Census, and SQM predicts that this figure will rise to 56% in 2011 and 64% in 2016. Average annual population growth in the local SLA reached 0.6% over the past four years.

Taperoo may be a bit out of the way, tucked up around 18km from the CBD above Port Adelaide, but it does have a train station that gets residents to the city in half an hour. Amenity highlights are the beach and a good selection of schools (Tan highlights Ocean View College). There are basic shopping options here, including an IGA and a handful of restaurants and cafes, while the larger shopping centres are found around 5km south in Port Canal or 10km south in West Lakes.

Close
HOUSE UNIT
$339,000 $235,000
-7.88% -2.08%
-2.45% 2.17%
3.72% 3.69%
$350 $280
37 17
5.37% 6.20%
63.94 66.44

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Taperoo SA
Demographics
Total population 3123
Median household income ($/weekly) 735
Median age of persons 39
Median housing loan repayment ($/monthly) 1345
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 418 13.4
    25-34 years 395 12.6
    35-44 years 439 14.1
    45-54 years 436 14.0
    55-64 years 393 12.6
    Others 1043 33.4
    Age Group
    Census Count Percent(%)
    Not Married 1295 55.4
    Registered Married 790 33.8
    Defacto Relationship 253 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2484 84.1
    Papua New Guinea 25 0.8
    Philippines 30 1.0
    United Kingdom 189 6.4
    Other 104 3.5
    Others 121 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.3
    Christianity 1654 58.9
    Islam 31 1.1
    Other Religious Groups 13 0.5
    No Religion 1064 37.9
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 167 14.1
    $400-$599 186 15.7
    $600-$799 152 12.9
    $1,000-$1,249 109 9.2
    $1,500-$1,999 114 9.6
    Others 454 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1132 47.4
    Employed, worked full-time 678 28.4
    Employed, worked part-time 386 16.2
    Unemployed, looking for work 124 5.2
    Employed, away from work 68 2.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 161 14.2
    Community & personal service workers 151 13.4
    Clerical & administrative workers 164 14.5
    Machinery operators & drivers 144 12.7
    Labourers 190 16.8
    Others 321 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 42 6.4
    Infants/Primary 263 40.2
    Secondary 189 28.9
    Technical or Further Educational Institution 76 11.6
    University or other Tertiary Institutions 59 9.0
    Others 26 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1781 59.1
    Semi-detached, row or terrace house, townhouse 1142 37.9
    Flat, unit or apartment 87 2.9
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 610 47.8
    Being purchased 357 28.0
    Fully owned 297 23.3
    Other tenure type 11 0.9
    Tenure Type
Census 2011, ABS
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