Suburb Profile Report for Cumberland Park SA (5041)

Cumberland Park House: Median price $720,000, Annual capital growth 6.96%, Number of sales 38, Weekly median advertised rent $420

Cumberland Park Unit: Median price $332,600, Annual capital growth 5.94%, Number of sales 17, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 5.65% for the last year, Cumberland Park, 5041 is the 2103th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Cumberland Park has given property investors a paper return of 6.98%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in SA

At number 315th of SA’s most discounted properties, Cumberland Park is in the TOP 20% of the state/territory when listing in order of most discounted to least.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.03%, without taking into account capital value appreciation, which has been averaging out at 6.96%.

Property investors who have had real estate in Cumberland Park, 5041 should be 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 -5.78%

Taking the average capital gain, or increase in median house value, Cumberland Park,5041 has racked up an average of -5.78% over the period. This ranks it number 1366th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Cumberland Park is giving property investors an average Vendor Discount of around -4.24%. This puts suburb at number 139th in SA when ranking the most discounted suburbs.

Situated 4.28km from the CBD, Cumberland Park is one of Mitcham localities in the postcode 5041.

Metrics i HOUSE UNIT
$720,000 $332,600
6.98% N/A
5.65% -5.78%
6.96% 5.94%
$420 $295
38 17
3.03% 4.61%
57.31 99.23

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2484
Median household income ($/weekly) 1407
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 319 12.8
    25-34 years 296 11.9
    35-44 years 396 15.9
    45-54 years 395 15.9
    55-64 years 270 10.9
    Others 808 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 928 49.4
    Not Married 789 42.0
    Defacto Relationship 161 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1982 82.4
    Hong Kong 34 1.4
    Papua New Guinea 35 1.5
    United Kingdom 97 4.0
    Other 80 3.3
    Others 176 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.0
    Christianity 1526 66.0
    Hinduism 17 0.7
    Other Religious Groups 14 0.6
    No Religion 720 31.1
    Others 13 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 73 8.2
    $800-$999 92 10.4
    $1,500-$1,999 117 13.2
    $2,000-$2,499 96 10.8
    $2,500-$2,999 88 9.9
    Others 422 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 808 42.0
    Not in the labour force 539 28.0
    Employed, worked part-time 447 23.2
    Employed, away from work 73 3.8
    Unemployed, looking for work 57 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 13.0
    Professionals 401 30.2
    Technicians & trades workers 165 12.4
    Clerical & administrative workers 209 15.7
    Sales 131 9.9
    Others 249 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 49 7.2
    Infants/Primary 263 38.7
    Secondary 128 18.9
    Technical or Further Educational Institution 54 8.0
    University or other Tertiary Institutions 167 24.6
    Others 18 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1999 83.5
    Flat, unit or apartment 314 13.1
    Semi-detached, row or terrace house, townhouse 82 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 387 40.7
    Fully owned 313 32.9
    Rented 235 24.7
    Other tenure type 17 1.8
    Tenure Type
Census 2011, ABS
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