Suburb Profile Report for Cumberland Park SA (5041)

Cumberland Park House: Median price $673,000, Annual capital growth 7.03%, Number of sales 29, Weekly median advertised rent $420

Cumberland Park Unit: Median price $332,800, Annual capital growth 4.62%, Number of sales 20, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3091th 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 -1.25% recorded in median house prices.

If we look at median property appreciation over just the last three months, Cumberland Park has given property investors a paper return of 6.66%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in SA

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.57% offered to property buyers. Sellers in Cumberland Park itself are offering an average vendor discount of -4.52% to real estate investors.

The SA suburb of Cumberland Park, 5041 is in the Mitcham local government area.

SA has seen average median house prices change by 3.81% which means that Cumberland Park, 5041 has done well for property investors by showing a capital gain of -1.32% over the last year

The most recent median price for Cumberland Park is $332800, with sellers offering an average of -5.14% off the asking price.

Advertised rents are around the $300 mark per week – giving a return of 4.69% based on the median price in Suburb

Metrics i HOUSE UNIT
$673,000 $332,800
6.66% -1.47%
-1.25% -1.32%
7.03% 4.62%
$420 $300
29 20
3.25% 4.69%
50.2 76.37

Source: CoreLogic

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