Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $675,000, Annual capital growth 5.83%, Number of sales 22, Weekly median advertised rent $420

Clarence Park Unit: Median price $327,000, Annual capital growth 4.64%, Number of sales 20, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Clarence Park have tracked higher than the SA average of 3.24% over the last 12 months.

If we look at median property appreciation over just the last three months, Clarence Park has given property investors a paper return of 15.70%. This puts Suburb as 14 on a list of fastest fasting appreciating suburbs in SA

Situated 4.20km from the CBD, Clarence Park is one of Unley localities in the postcode 5034.

If you compare the increase in value of investment property in Clarence Park, 5034 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 10.10%.

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

Our latest figures would indicate that property sellers in Clarence Park are currently offering property investors an average price cut of -3.83% below the asking price at the moment.

Using the current median advertised rental of $275 and the average annual increase in value of a median property of 4.64%, investors should hope to achieve an overall return of 4.37%

Metrics i HOUSE UNIT
$675,000 $327,000
15.70% -0.61%
16.29% 10.10%
5.83% 4.64%
$420 $275
22 20
3.24% 4.37%
N/A 63.45

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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Recent sales & rentals