Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $670,000, Annual capital growth 5.76%, Number of sales 24, Weekly median advertised rent $435

Clarence Park Unit: Median price $329,000, Annual capital growth 4.72%, Number of sales 21, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -0.07% for the last year, Clarence Park, 5034 is the 2949th highest performer in Australia in this respect.

Clarence Park,5034 has offered an average of -0.07% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 5.76%.

Property investors who have had real estate in Clarence Park, 5034 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.23%

Clarence Park,5034 was ranked 1290 in Australia by increase in median property value over the quarter.

Clarence Park, 5034 is offering SA ‘s 149th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this SA.

Often selling an investment property can take time, and in Clarence Park the average time real estate has been on the market is 63.45 days.

Advertised rents are around the $275 mark per week – giving a return of 4.35% based on the median price in Suburb

Metrics i HOUSE UNIT
$670,000 $329,000
16.78% -1.64%
-0.07% 1.23%
5.76% 4.72%
$435 $275
24 21
3.38% 4.35%
N/A 63.45

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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Recent sales & rentals