Suburb Profile Report for South Plympton SA (5038)

South Plympton House: Median price $513,000, Annual capital growth 4.83%, Number of sales 64, Weekly median advertised rent $380

South Plympton Unit: Median price $375,000, Annual capital growth 5.23%, Number of sales 48, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 5.39% for the last 12 months, South Plympton, 5038 has performed for property investments than its average annual 4.83% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, South Plympton has given property investors a paper return of 5.88%. This puts Suburb as 71 on a list of fastest fasting appreciating suburbs in SA

LACK OF BUYER INTEREST may well be the reason that South Plympton is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in SA

Often selling an investment property can take time, and in South Plympton the average time real estate has been on the market is 48.91 days.

A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 4.83%.

South Plympton has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.17% to date .

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

Property buyers and investors in South Plympton 5038 should be seeing an average reduction in asking price of around -7.10% . This means that South Plympton is holding prices well when compared to other suburbs in SA.

The SA suburb of South Plympton, 5038 is in the Marion local government area.

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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
$513,000 $375,000
5.88% 0.00%
5.39% 4.17%
4.83% 5.23%
$380 $295
64 48
3.85% 4.09%
48.91 70.09

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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