Suburb Profile Report for Novar Gardens SA (5040)

Novar Gardens House: Median price $635,000, Annual capital growth 4.80%, Number of sales 38, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report

With a capital gain of 8.97% for the last 12 months, Novar Gardens, 5040 has performed for property investments than its average annual 4.80% property growth over the last 5 years.

Novar Gardens,5040 has offered an average of 8.97% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Novar Gardens is giving property investors an average Vendor Discount of around -4.15%. This puts suburb at number 330th in SA when ranking the most discounted suburbs.

Advertised rents are around the $480 mark per week – giving a return of 3.93% based on the median price in Suburb

Metrics i HOUSE UNIT
$635,000 N/A
5.66% N/A
8.97% N/A
4.80% N/A
$480 N/A
38 N/A
3.93% N/A
52.61 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (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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Recent sales & rentals