Suburb Profile Report for Grange SA (5022)

Grange House: Median price $674,000, Annual capital growth 4.87%, Number of sales 103, Weekly median advertised rent $425

Grange Unit: Median price $620,000, Annual capital growth 11.37%, Number of sales 34, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Grange has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.69%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Grange has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Grange is offering property investors an average of -6.41. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in SA

In the last year 103 properties changed hands in Grange, which puts it as the 49th most active market in SA when comparing the number of sales per suburb.

The SA suburb of Grange, 5022 is in the Charles Sturt local government area.

Grange, 5022 ranked 4th in SA when comparing growth in median property values or capital gain over the last 12 months. Grange is one of 853 in our list for SA

Across a shorter period, Grange, 5022 has seen a median price increase of 5.98% over the last quarter.

Our latest figures would indicate that property sellers in Grange are currently offering property investors an average price cut of -5.81% below the asking price at the moment.

At number 378 in a list of fastest selling suburbs, Grange is in the TOP 30% of suburbs in Australia with an average of days on market 57.85 for properties listed there.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

Metrics i HOUSE UNIT
$674,000 $620,000
1.35% 5.98%
3.69% 43.08%
4.87% 11.37%
$425 $300
103 34
3.28% 2.52%
86.35 57.85

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 5857
Median household income ($/weekly) 1186
Median age of persons 46
Median housing loan repayment ($/monthly) 1700
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 568 9.7
    35-44 years 738 12.6
    45-54 years 808 13.8
    55-64 years 872 14.9
    65-74 years 581 9.9
    Others 2290 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 2328 52.3
    Not Married 1751 39.3
    Defacto Relationship 371 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4539 80.0
    Japan 103 1.8
    Papua New Guinea 44 0.8
    United Kingdom 461 8.1
    Other 145 2.6
    Others 379 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 0.7
    Christianity 3974 73.2
    Islam 24 0.4
    Other Religious Groups 30 0.6
    No Religion 1342 24.7
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 248 11.6
    $600-$799 216 10.1
    $800-$999 203 9.5
    $1,500-$1,999 247 11.5
    $2,000-$2,499 204 9.5
    Others 1021 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1949 40.2
    Employed, worked full-time 1678 34.6
    Employed, worked part-time 952 19.6
    Employed, away from work 149 3.1
    Unemployed, looking for work 124 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 363 13.1
    Professionals 707 25.5
    Technicians & trades workers 323 11.6
    Community & personal service workers 296 10.7
    Clerical & administrative workers 486 17.5
    Others 602 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 56 4.9
    Infants/Primary 432 37.8
    Secondary 271 23.7
    Technical or Further Educational Institution 106 9.3
    University or other Tertiary Institutions 237 20.7
    Others 42 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4146 77.4
    Semi-detached, row or terrace house, townhouse 708 13.2
    Flat, unit or apartment 504 9.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 953 41.4
    Being purchased 698 30.3
    Rented 581 25.2
    Other tenure type 72 3.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals