Suburb Profile Report for Edwardstown SA (5039)

Edwardstown House: Median price $471,500, Annual capital growth 5.48%, Number of sales 70, Weekly median advertised rent $360

Edwardstown Unit: Median price $370,500, Annual capital growth 4.32%, Number of sales 29, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1682th in the list of Australian suburbs ordered by increase in median house value over the last year, Edwardstown, 5039 is in the top half with a property value increase of 6.55% recorded in median house prices.

Across a shorter period, Edwardstown, 5039 has seen a median price increase of 0.30% over the last quarter.

Our latest figures would indicate that property sellers in Edwardstown are currently offering property investors an average price cut of -6.21% below the asking price at the moment.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 5.48%, investors should hope to achieve an overall return of 3.97%

Property investors who have had real estate in Edwardstown, 5039 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.20%

Edwardstown,5039 was ranked 1630 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Edwardstown, 5039. Typically our figures indicate that -6.04% is being offered, which puts this SA suburb at 478th most discounted overall in Australia.

In the last year 29 properties changed hands in Edwardstown, which puts it as the 71th most active market in SA when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3240 per annum or $270 every week.

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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
$471,500 $370,500
0.30% -10.94%
6.55% -1.20%
5.48% 4.32%
$360 $270
70 29
3.97% 3.79%
46.39 83.92

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Edwardstown SA
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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