Suburb Profile Report for Novar Gardens SA (5040)

Novar Gardens House: Median price $595,000, Annual capital growth 4.05%, Number of sales 43, Weekly median advertised rent $445

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

Source: CoreLogic

  • House Report

Property value increases in Novar Gardens have tracked just higher than the SA average of 3.04% over the last 12 months.

If we look at median property appreciation over just the last three months, Novar Gardens has given property investors a paper return of 4.39%. This puts Suburb as 66 on a list of fastest fasting appreciating suburbs in SA

Property buyers and investors in Novar Gardens 5040 should be seeing an average reduction in asking price of around -5.47% . This means that Novar Gardens is holding prices well when compared to other suburbs in SA.

Situated 7.42km from the CBD, Novar Gardens is one of West Torrens localities in the postcode 5040.

HOUSE UNIT
$595,000 N/A
4.39% N/A
6.25% N/A
4.05% N/A
$445 N/A
43 N/A
3.89% N/A
65.26 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Very 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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