Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $670,000, Annual capital growth 5.51%, Number of sales 27, Weekly median advertised rent $450

Clarence Park Unit: Median price $340,000, Annual capital growth 5.16%, Number of sales 19, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2652th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarence Park, 5034 is in the BOTTOM 40% with a property value increase of 1.52% recorded in median house prices.

While Clarence Park,5034 ranked number 13th in SA for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.

At number 766th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarence Park, 5034 is in the top half with a property value increase of 3.98% recorded in median house prices.

Property buyers and investors in Clarence Park 5034 should be seeing an average reduction in asking price of around -4.32% . This means that Clarence Park is holding prices well when compared to other suburbs in SA.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

With the median price for a house in Clarence Park being $340000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 4.21%

HOUSE UNIT
$670,000 $340,000
16.02% N/A
1.52% 3.98%
5.51% 5.16%
$450 $275
27 19
3.49% 4.21%
N/A 67.04

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2492
Median household income ($/weekly) 1227
Median age of persons 37
Median housing loan repayment ($/monthly) 1775
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 258 10.3
    25-34 years 394 15.8
    35-44 years 366 14.7
    45-54 years 361 14.5
    55-64 years 329 13.2
    Others 785 31.5
    Age Group
    Census Count Percent(%)
    Not Married 898 46.4
    Registered Married 845 43.7
    Defacto Relationship 191 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1868 77.7
    Croatia 61 2.5
    Indonesia 46 1.9
    United Kingdom 130 5.4
    Other 96 4.0
    Others 203 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.5
    Christianity 1405 61.6
    Hinduism 46 2.0
    Other Religious Groups 22 1.0
    No Religion 754 33.1
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 94 9.7
    $600-$799 95 9.8
    $1,000-$1,249 107 11.0
    $1,500-$1,999 130 13.4
    $2,500-$2,999 84 8.6
    Others 462 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 827 41.2
    Not in the labour force 602 30.0
    Employed, worked part-time 437 21.8
    Employed, away from work 70 3.5
    Unemployed, looking for work 70 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 11.9
    Professionals 443 33.1
    Technicians & trades workers 150 11.2
    Community & personal service workers 144 10.8
    Clerical & administrative workers 196 14.7
    Others 245 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 32 5.1
    Infants/Primary 202 32.3
    Secondary 125 20.0
    Technical or Further Educational Institution 52 8.3
    University or other Tertiary Institutions 199 31.8
    Others 16 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1811 76.2
    Flat, unit or apartment 334 14.1
    Semi-detached, row or terrace house, townhouse 231 9.7
    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 366 35.7
    Being purchased 343 33.5
    Rented 312 30.5
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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