Suburb Profile Report for Novar Gardens SA (5040)

Novar Gardens House: Median price $640,000, Annual capital growth 3.81%, Number of sales 38, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report

SA has seen average median house prices change by 4.21% which means that Novar Gardens, 5040 has done well for property investors by showing a capital gain of 7.56% over the last year

The five-year average increase in median property values for Novar Gardens,5040 has given property investors a potential capital gain of 23.08% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Novar Gardens itself are offering an average vendor discount of -4.98% to real estate investors.

At number 1024 in a list of fastest selling suburbs, Novar Gardens is in the TOP 30% of suburbs in Australia with an average of days on market 55.34 for properties listed there.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$640,000 N/A
5.61% N/A
7.56% N/A
3.81% N/A
$480 N/A
38 N/A
3.90% N/A
55.34 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2325
Median household income ($/weekly) 984
Median age of persons 47
Median housing loan repayment ($/monthly) 1500
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 215 9.2
    35-44 years 221 9.5
    45-54 years 355 15.3
    55-64 years 338 14.5
    65-74 years 331 14.2
    Others 865 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 1023 56.5
    Not Married 699 38.6
    Defacto Relationship 88 4.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1745 77.4
    Croatia 43 1.9
    Indonesia 21 0.9
    United Kingdom 151 6.7
    Other 87 3.9
    Others 208 9.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 1.2
    Christianity 1505 70.8
    Islam 57 2.7
    Judaism 8 0.4
    No Religion 521 24.5
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 94 10.9
    $400-$599 94 10.9
    $600-$799 92 10.6
    $1,500-$1,999 95 11.0
    $2,000-$2,499 80 9.2
    Others 411 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 870 45.1
    Employed, worked full-time 560 29.0
    Employed, worked part-time 375 19.5
    Employed, away from work 76 3.9
    Unemployed, looking for work 47 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 13.8
    Professionals 229 22.7
    Technicians & trades workers 110 10.9
    Community & personal service workers 107 10.6
    Clerical & administrative workers 198 19.6
    Others 227 22.5
    Occupation
    Census Count Percent(%)
    Pre-school 24 4.7
    Infants/Primary 146 28.7
    Secondary 196 38.6
    Technical or Further Educational Institution 34 6.7
    University or other Tertiary Institutions 94 18.5
    Others 14 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1814 83.9
    Semi-detached, row or terrace house, townhouse 290 13.4
    Flat, unit or apartment 58 2.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 392 42.6
    Rented 275 29.9
    Being purchased 249 27.0
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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