Suburb Profile Report for North Haven SA (5018)

North Haven House: Median price $455,000, Annual capital growth 2.96%, Number of sales 75, Weekly median advertised rent $400

North Haven Unit: Median price $425,000, Annual capital growth 4.02%, Number of sales 34, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

SA has seen average median house prices change by 3.24% which means that North Haven, 5018 has done well for property investors by showing a capital gain of 6.06% over the last year

North Haven,5018 has offered an average of 6.06% return per annum in house price rises to property investors over the last three years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.50% offered to property buyers. Sellers in North Haven itself are offering an average vendor discount of -7.09% to real estate investors.

Often selling an investment property can take time, and in North Haven the average time real estate has been on the market is 97.92 days.

With the median price for a house in North Haven being $455000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.57%

Property value increases in North Haven have tracked just lower than the SA average of 4.05% over the last 12 months.

While North Haven,5018 ranked number 88th in SA for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.

North Haven, 5018 is offering SA ‘s 52th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.

At number 1129 in a list of fastest selling suburbs, North Haven is in the bottom 30% of suburbs in Australia with an average of days on market 99.25 for properties listed there.

North Haven, 5018’s gross rental yield is 4.40%

YIP MAG Information supplied by:

YIP MAG
July 2016

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Just 18km northwest of Adelaide is the suburb of North Haven.Full summary Just 18km northwest of Adelaide is the suburb of North Haven.

Its western side is near the coast, and the sailing community makes up a large proportion of its population.

“The area currently offers young families affordable entry-level buying in what is a highly sought-after community-inspired lifestyle,” says Kate Smith, principal at Raine & Horne Semaphore.

An indication of North Haven’s desirability is that the vacancy rate is a very low 0.9%, having dropped 0.4% from the previous year.

The unit market saw slightly stronger growth (1.5%) than the housing market (1.4%).

Units also generate a high rental yield of 4.8% and may represent an excellent investment opportunity.

“Locals favour marina-side homes generally in family-friendly cul-de-sacs. We have quality schooling and great access to public transport,” Smith continues.

“The local government has also just announced the ASC submarine contract, which will be a terrific boost to the area and to the Lefevre peninsula for the year ahead.”

Smith notes that North Haven offers family homes with three to four bedrooms and generally two bathrooms on large allotments.

Given the popularity of sailing as a town activity, residents can join either of two yacht clubs in the area.

Trains, trams and buses are the available public transport options. 

While North Haven’s growth has been slow, this growth trend may continue in the near future, especially in the unit market.Close
Metrics i HOUSE UNIT
$455,000 $425,000
1.11% 1.19%
6.06% 0.00%
2.96% 4.02%
$400 $360
75 34
4.57% 4.40%
97.92 99.25

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in North Haven SA
Demographics
Total population 5797
Median household income ($/weekly) 1342
Median age of persons 45
Median housing loan repayment ($/monthly) 1690
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 609 10.5
    25-34 years 572 9.9
    35-44 years 660 11.4
    45-54 years 1036 17.9
    55-64 years 1085 18.7
    Others 1836 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 2445 53.3
    Not Married 1667 36.4
    Defacto Relationship 471 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4389 79.0
    Greece 61 1.1
    Japan 61 1.1
    United Kingdom 599 10.8
    Other 103 1.9
    Others 341 6.1
    Country of Birth
    Census Count Percent(%)
    Christianity 3758 70.7
    No Religion 1475 27.7
    Buddhism 33 0.6
    Islam 31 0.6
    Other Religious Groups 20 0.4
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 196 9.7
    $600-$799 181 8.9
    $1,250-$1,499 180 8.9
    $1,500-$1,999 296 14.6
    $2,000-$2,499 241 11.9
    Others 935 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2010 42.3
    Not in the labour force 1500 31.6
    Employed, worked part-time 904 19.0
    Employed, away from work 200 4.2
    Unemployed, looking for work 140 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 369 11.9
    Professionals 433 13.9
    Technicians & trades workers 494 15.9
    Community & personal service workers 329 10.6
    Clerical & administrative workers 608 19.5
    Others 880 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 67 5.7
    Infants/Primary 427 36.4
    Secondary 355 30.2
    Technical or Further Educational Institution 118 10.1
    University or other Tertiary Institutions 177 15.1
    Others 30 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4242 77.2
    Semi-detached, row or terrace house, townhouse 857 15.6
    Flat, unit or apartment 371 6.8
    Caravan, cabin, houseboat 23 0.4
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 915 41.6
    Being purchased 861 39.2
    Rented 385 17.5
    Other tenure type 36 1.6
    Tenure Type
Census 2011, ABS
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