Suburb Profile Report for Edwardstown SA (5039)

Edwardstown House: Median price $470,000, Annual capital growth 5.43%, Number of sales 68, Weekly median advertised rent $350

Edwardstown Unit: Median price $400,500, Annual capital growth 8.08%, Number of sales 29, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

SA has seen average median house prices change by 3.04% which means that Edwardstown, 5039 has done well for property investors by showing a capital gain of 5.03% over the last year

The five-year average increase in median property values for Edwardstown,5039 has given property investors a potential capital gain of 11.90% across each of those five years.

Sellers are offering property buyers an average discount of -6.76% to buyers in Edwardstown at the moment, which is less than average for the rest of SA.

Often selling an investment property can take time, and in Edwardstown the average time real estate has been on the market is 50.09 days.

Advertised rents are around the $350 mark per week – giving a return of 3.87% based on the median price in Suburb

Edwardstown has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 10.79% to date .

If we look at median property appreciation over just the last three months, Edwardstown has given property investors a paper return of 6.80%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in SA

Our latest figures would indicate that property sellers in Edwardstown are currently offering property investors an average price cut of -5.47% below the asking price at the moment.

Edwardstown is 185th on a list of best yielding suburbs for rents in SA with a 3.44% return

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Edwardstown lies about 7km south-west of the Adelaide CBD, in the up and coming Marion city council area.Full summary

Edwardstown lies about 7km south-west of the Adelaide CBD, in the up and coming Marion city council area.

Getting in and out of Edwardstown is very convenient via the suburb’s two train stations or the major Adelaide artery, the South Road.

Houses dominate the property market, taking a 59.7% share of all occupied dwellings at the last ABS census, and this is one of the reasons why the area has a strong rental market amongst students, explains property author and academic Peter Koulizos.

“It’s popular with university students because of its relatively cheap rent and the dominance of houses – four or five students can rent out one house and keep their rental costs down,” he says. “It’s relatively close to Flinders University down South Road and the universities within the city”.

He warns however to steer clear of the industrial part of Edwardstown, where there have been contamination issues.

“It’s pretty well located and has some very good facilities, but you’ve got to be careful which part of Edwardstown you buy in,” he says.

Close
HOUSE UNIT
$470,000 $400,500
1.26% 6.80%
5.03% 10.79%
5.43% 8.08%
$350 $265
68 29
3.87% 3.44%
50.09 71.33

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3948
Median household income ($/weekly) 840
Median age of persons 37
Median housing loan repayment ($/monthly) 1460
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 366 9.3
    25-34 years 666 16.9
    35-44 years 521 13.2
    45-54 years 546 13.8
    55-64 years 467 11.8
    Others 1381 35.0
    Age Group
    Census Count Percent(%)
    Not Married 1774 55.6
    Registered Married 1113 34.9
    Defacto Relationship 302 9.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2848 75.1
    Croatia 119 3.1
    Indonesia 89 2.3
    United Kingdom 154 4.1
    Other 184 4.8
    Others 400 10.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 2.6
    Christianity 2144 60.1
    Islam 58 1.6
    Other Religious Groups 63 1.8
    No Religion 1166 32.7
    Others 42 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 225 13.6
    $400-$599 224 13.6
    $600-$799 165 10.0
    $800-$999 154 9.3
    $1,500-$1,999 181 11.0
    Others 703 42.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1275 39.0
    Employed, worked full-time 1086 33.2
    Employed, worked part-time 651 19.9
    Unemployed, looking for work 138 4.2
    Employed, away from work 120 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 407 21.9
    Technicians & trades workers 262 14.1
    Community & personal service workers 188 10.1
    Clerical & administrative workers 295 15.9
    Labourers 229 12.3
    Others 477 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 49 5.3
    Infants/Primary 236 25.6
    Secondary 208 22.5
    Technical or Further Educational Institution 98 10.6
    University or other Tertiary Institutions 302 32.7
    Others 30 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2630 69.5
    Semi-detached, row or terrace house, townhouse 671 17.7
    Flat, unit or apartment 482 12.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 821 46.5
    Being purchased 509 28.9
    Fully owned 423 24.0
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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