Suburb Profile Report for Clarence Gardens SA (5039)

Clarence Gardens House: Median price $587,500, Annual capital growth 5.54%, Number of sales 38, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Expert Report

At number 1070th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarence Gardens, 5039 is in the top 30% with a property value increase of 9.81% recorded in median house prices.

Across a shorter period, Clarence Gardens, 5039 has seen a median price increase of 4.72% over the last quarter.

Property investors looking for a bargain in Clarence Gardens should be aiming for at least -3.33% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 5.54%, investors should hope to achieve an overall return of 3.36%

Daniel Richardson Information supplied by:

Daniel Richardson
Urban Residential Property Group

M 08 8271 3666
O 0424 332 564

W www.urbanresidential.com.au
E daniel@urbanresidential.com.au
Clarence Gardens is located in the inner southern suburbs of the Adelaide Metro area. It is 1 square kilometre. The suburb surrounds ovals and parks which provide a great environment for families. Located only a short distance of 4.5km to the Adelaide CBDFull summary
Clarence Gardens is located in the inner southern suburbs of the Adelaide Metro area. It is 1 square kilometre. The suburb surrounds ovals and parks which provide a great environment for families. Located only a short distance of 4.5km to the Adelaide CBD
 
Selling points: Close proximity to the Adelaide CBD and easy access to the Southern Suburbs and coastline. There are numerous schools both private and public, kindergarten and 3 major shopping centres within a 5 minute drive. It is also really affordable with many homes being available under $500,000
 
Most sought-after properties: Character homes built between 1910 and 1950. Very popular with home renovators due to affordable pricing and large allotments
 
Most common properties:  Mid 1900’s homes
 
Top amenities: AA Bailey Reserve, Clarence Gardens Lawn Bowls Club
 
Local industry and business: There are many local shops, cafes and stores in the area but it is predominantly residential with little to no industrial
 
Recent changes: The council has recently been doing routine maintenance and upgrading of foot paths as well as car parking at AA Baily Reserve has been sealed
 
Best streets: Chamberlain Avenue, Dinwoodie Avenue, Ackland Avenue and Clovelly Avenue
 
Public transport: Train, tram and bus
 
Main arteries: Cross Road and South Road
Close
HOUSE UNIT
$587,500 N/A
4.72% N/A
9.81% N/A
5.54% N/A
$380 N/A
38 N/A
3.36% N/A
36.25 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Clarence Gardens SA
Demographics
Total population 2218
Median household income ($/weekly) 1307
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 267 12.0
    25-34 years 354 16.0
    35-44 years 351 15.8
    45-54 years 296 13.3
    55-64 years 198 8.9
    Others 753 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 831 49.2
    Not Married 729 43.2
    Defacto Relationship 128 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1733 80.3
    Croatia 51 2.4
    Hong Kong 29 1.3
    United Kingdom 96 4.5
    Other 66 3.1
    Others 182 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.8
    Christianity 1284 62.8
    Islam 45 2.2
    Other Religious Groups 16 0.8
    No Religion 648 31.7
    Others 15 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 83 10.8
    $600-$799 63 8.2
    $800-$999 71 9.2
    $1,500-$1,999 94 12.2
    $2,000-$2,499 92 11.9
    Others 368 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 651 37.4
    Not in the labour force 538 30.9
    Employed, worked part-time 417 23.9
    Employed, away from work 78 4.5
    Unemployed, looking for work 58 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 122 10.7
    Professionals 356 31.1
    Technicians & trades workers 139 12.2
    Clerical & administrative workers 172 15.0
    Sales 112 9.8
    Others 243 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 39 6.5
    Infants/Primary 206 34.3
    Secondary 137 22.8
    Technical or Further Educational Institution 40 6.7
    University or other Tertiary Institutions 165 27.5
    Others 14 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1987 91.8
    Flat, unit or apartment 131 6.1
    Semi-detached, row or terrace house, townhouse 46 2.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 325 39.7
    Fully owned 285 34.8
    Rented 187 22.9
    Other tenure type 21 2.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals