Suburb Profile Report for Grange SA (5022)

Grange House: Median price $674,000, Annual capital growth 4.83%, Number of sales 94, Weekly median advertised rent $440

Grange Unit: Median price $550,000, Annual capital growth 10.94%, Number of sales 32, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

SA has seen average median house prices change by 2.82% which means that Grange, 5022 has done well for property investors by showing a capital gain of 6.73% over the last year

Over the longer term, Grange has seen property prices show investors a 16.11% return over the last 3 years. This is worse than over the last 12 months

At number 241th of SA’s most discounted properties, Grange is in the TOP 40% of the state/territory when listing in order of most discounted to least.

In the last year 94 properties changed hands in Grange, which puts it as the 63th most active market in SA when comparing the number of sales per suburb.

Grange is 327th on a list of best yielding suburbs for rents in SA with a 3.39% return

At number 11th in the list of Australian suburbs ordered by increase in median house value over the last year, Grange, 5022 is in the top 10% with a property value increase of 38.89% recorded in median house prices.

Across a shorter period, Grange, 5022 has seen a median price increase of 6.08% over the last quarter.

Our latest figures would indicate that property sellers in Grange are currently offering property investors an average price cut of -5.83% below the asking price at the moment.

Property investors should expect to get $295 weekly from the median priced house in this suburb.

HOUSE UNIT
$674,000 $550,000
-0.15% 6.08%
6.73% 38.89%
4.83% 10.94%
$440 $295
94 32
3.39% 2.79%
77.15 56.23

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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