Suburb Profile Report for Cumberland Park SA (5041)

Cumberland Park House: Median price $670,000, Annual capital growth 7.07%, Number of sales 30, Weekly median advertised rent $420

Cumberland Park Unit: Median price $333,000, Annual capital growth 4.29%, Number of sales 19, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3110th in the list of Australian suburbs ordered by increase in median house value over the last year, Cumberland Park, 5041 is in the BOTTOM 30% with a property value increase of -1.69% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Cumberland Park comes in at number 124th in SA.

Cumberland Park has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -2.49% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cumberland Park has increased when compared to the 5 year average annual rate.

Sellers are offering property buyers an average discount of -4.84% to buyers in Cumberland Park at the moment, which is less than average for the rest of SA.

Residents and property investors in Cumberland Park have been waiting around 76.53 days to sell a property.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$670,000 $333,000
8.94% -3.48%
-1.69% -2.49%
7.07% 4.29%
$420 $300
30 19
3.26% 4.68%
N/A 76.53

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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