Suburb Profile Report for South Plympton SA (5038)

South Plympton House: Median price $487,550, Annual capital growth 4.56%, Number of sales 68, Weekly median advertised rent $375

South Plympton Unit: Median price $371,500, Annual capital growth 5.45%, Number of sales 46, Weekly median advertised rent $298

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3305th in the list of Australian suburbs ordered by increase in median house value over the last year, South Plympton, 5038 is in the BOTTOM 30% with a property value increase of -2.49% recorded in median house prices.

Comparing South Plympton,5038 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.41. This rate of discount on properties puts Suburb at number 341th in terms of most discounted suburbs in SA

With the median price for a house in South Plympton being $487550 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.00%

South Plympton, 5038 ranked 127th in SA when comparing growth in median property values or capital gain over the last 12 months. South Plympton is one of 853 in our list for SA

The five-year average increase in median property values for South Plympton,5038 has given property investors a potential capital gain of 9.26% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in South Plympton itself are offering an average vendor discount of -6.28% to real estate investors.

In the last year 46 properties changed hands in South Plympton, which puts it as the 37th most active market in SA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3570 per annum or $297.5 every week.

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As its older residents move into nursing care or retirement, South Plympton is drawing a diverse crowd that includes students, first homebuyers and young families. Sales agents proclaim it an Adelaide suburb that “keeps creeping up”, thanks to its strong location in the city’s south-west.Full summary

South Plympton is a quiet suburb tucked away between South Road and the tram line, about 15 minutes southwest of the Adelaide CBD. Drive six kilometres west and you’ll arrive at famous Glenelg Beach. Six kilometres south is Westfield Marion, South Australia’s largest shopping centre. 

“It’s one of those little [suburbs] that keeps creeping up,” says Valentine Izdebski, sales consultant at Gary J. Smith First National in Plympton. And that creeping growth has now become a sprint as investors pile into the underpriced and perfectly located suburb. 

“It’s not far to get to the airport, Castle Plaza, Westfield Marion, Goodwood Road, train, tram and bus; it’s in a good transport corridor,” Izdebski says. “The other thing we find is that country folk will come down to the city and buy here if their children are going to Flinders [University].” 

The most popular parts of South Plympton are at the northern end of the suburb, along the tram line parallel to Pleasant Avenue. “There’s a little triangle of streets there that’s always popular,” Izdebski notes. “Especially Winifred, Kent and Brinkworth, which is a nice wide street.” 

As the older generation moves out into nursing care or retirement lifestyle towns, South Plympton is drawing a diverse crowd. The mix of properties, from 1950s-style three- and four-bedders to bungalows and villas, is attracting young families, second and third homebuyers, students and small-scale developers.

Close
Metrics i HOUSE UNIT
$487,550 $371,500
0.73% -2.24%
-2.49% -2.88%
4.56% 5.45%
$375 $298
68 46
4.00% 4.16%
48 75.25

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3984
Median household income ($/weekly) 977
Median age of persons 38
Median housing loan repayment ($/monthly) 1603
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 383 9.6
    25-34 years 663 16.6
    35-44 years 548 13.8
    45-54 years 529 13.3
    55-64 years 446 11.2
    Others 1415 35.5
    Age Group
    Census Count Percent(%)
    Not Married 1498 47.6
    Registered Married 1362 43.3
    Defacto Relationship 284 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2730 71.7
    Croatia 162 4.3
    Indonesia 98 2.6
    United Kingdom 160 4.2
    Other 176 4.6
    Others 481 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 130 3.6
    Christianity 2293 63.0
    Hinduism 64 1.8
    Islam 76 2.1
    No Religion 1025 28.2
    Others 53 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 188 11.6
    $400-$599 174 10.8
    $600-$799 160 9.9
    $800-$999 172 10.7
    $1,500-$1,999 190 11.8
    Others 731 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1203 37.3
    Not in the labour force 1180 36.6
    Employed, worked part-time 627 19.4
    Employed, away from work 119 3.7
    Unemployed, looking for work 95 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 189 9.7
    Professionals 454 23.3
    Technicians & trades workers 293 15.0
    Community & personal service workers 209 10.7
    Clerical & administrative workers 311 15.9
    Others 496 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.7
    Infants/Primary 284 32.3
    Secondary 160 18.2
    Technical or Further Educational Institution 98 11.1
    University or other Tertiary Institutions 251 28.6
    Others 36 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2830 74.7
    Flat, unit or apartment 550 14.5
    Semi-detached, row or terrace house, townhouse 404 10.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 562 33.1
    Rented 541 31.9
    Fully owned 540 31.8
    Other tenure type 55 3.2
    Tenure Type
Census 2011, ABS
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