Suburb Profile Report for Glengowrie SA (5044)

Glengowrie House: Median price $628,750, Annual capital growth 5.65%, Number of sales 86, Weekly median advertised rent $430

Glengowrie Unit: Median price $560,000, Annual capital growth 8.71%, Number of sales 52, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1601th in the list of Australian suburbs ordered by increase in median house value over the last year, Glengowrie, 5044 is in the top 40% with a property value increase of 7.02% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Glengowrie comes in at number 106th in SA.

Property investors looking for a bargain in Glengowrie should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.

Glengowrie, 5044’s gross rental yield is 3.56%

Property investors who have had real estate in Glengowrie, 5044 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.50%

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

Property buyers and investors in Glengowrie 5044 should be seeing an average reduction in asking price of around -5.47% . This means that Glengowrie is holding prices well when compared to other suburbs in SA.

With the median price for a house in Glengowrie being $560000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.16%

HOUSE UNIT
$628,750 $560,000
0.56% 1.91%
7.02% 3.50%
5.65% 8.71%
$430 $340
86 52
3.56% 3.16%
84.8 109.29

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5026
Median household income ($/weekly) 1119
Median age of persons 43
Median housing loan repayment ($/monthly) 1625
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 541 10.8
    25-34 years 583 11.6
    35-44 years 671 13.3
    45-54 years 647 12.9
    55-64 years 591 11.8
    Others 1994 39.7
    Age Group
    Census Count Percent(%)
    Registered Married 1838 48.2
    Not Married 1640 43.0
    Defacto Relationship 339 8.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3947 82.3
    Greece 26 0.5
    Papua New Guinea 41 0.9
    United Kingdom 398 8.3
    Other 120 2.5
    Others 263 5.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.9
    Christianity 3138 69.2
    Islam 26 0.6
    Other Religious Groups 33 0.7
    No Religion 1285 28.3
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 191 9.8
    $400-$599 238 12.2
    $600-$799 184 9.5
    $1,500-$1,999 247 12.7
    $2,000-$2,499 184 9.5
    Others 901 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1486 37.3
    Employed, worked full-time 1459 36.7
    Employed, worked part-time 791 19.9
    Employed, away from work 151 3.8
    Unemployed, looking for work 92 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 326 13.6
    Professionals 576 24.0
    Technicians & trades workers 320 13.3
    Community & personal service workers 282 11.8
    Clerical & administrative workers 434 18.1
    Others 462 19.3
    Occupation
    Census Count Percent(%)
    Pre-school 52 4.9
    Infants/Primary 414 38.7
    Secondary 272 25.4
    Technical or Further Educational Institution 94 8.8
    University or other Tertiary Institutions 210 19.6
    Others 28 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3210 68.7
    Semi-detached, row or terrace house, townhouse 1073 23.0
    Flat, unit or apartment 389 8.3
    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 817 39.4
    Being purchased 709 34.2
    Rented 474 22.9
    Other tenure type 71 3.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals