Suburb Profile Report for Somerton Park SA (5044)

Somerton Park House: Median price $765,555, Annual capital growth 4.94%, Number of sales 80, Weekly median advertised rent $445

Somerton Park Unit: Median price $505,750, Annual capital growth 7.53%, Number of sales 54, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Somerton Park has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 13.84% to date .

Comparing Somerton Park,5044 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 112th of SA’s most discounted properties, Somerton Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 6.67 sales per month, which equates to 80 per year.

Using the current median advertised rental of $445 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 3.02%

SA has seen average median house prices change by 3.97% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 42.06% over the last year

Somerton Park,5044 has offered an average of 42.06% return per annum in house price rises to property investors over the last three years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -6.23% to real estate investors.

Using the current median advertised rental of $320 and the average annual increase in value of a median property of 7.53%, investors should hope to achieve an overall return of 3.29%

Metrics i HOUSE UNIT
$765,555 $505,750
1.40% 16.26%
13.84% 42.06%
4.94% 7.53%
$445 $320
80 54
3.02% 3.29%
107.27 66.54

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5387
Median household income ($/weekly) 1105
Median age of persons 46
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 504 9.4
    35-44 years 634 11.8
    45-54 years 796 14.8
    55-64 years 716 13.3
    65-74 years 492 9.1
    Others 2246 41.7
    Age Group
    Census Count Percent(%)
    Registered Married 1944 47.2
    Not Married 1863 45.2
    Defacto Relationship 313 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4102 79.9
    Greece 46 0.9
    Papua New Guinea 53 1.0
    United Kingdom 478 9.3
    Other 144 2.8
    Others 311 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.0
    Christianity 3482 71.1
    Hinduism 20 0.4
    Islam 32 0.7
    No Religion 1293 26.4
    Others 21 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 187 9.1
    $400-$599 241 11.7
    $600-$799 188 9.2
    $800-$999 182 8.9
    $1,500-$1,999 201 9.8
    Others 1055 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1842 41.2
    Employed, worked full-time 1436 32.1
    Employed, worked part-time 924 20.7
    Employed, away from work 163 3.6
    Unemployed, looking for work 103 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 377 14.9
    Professionals 712 28.2
    Technicians & trades workers 278 11.0
    Community & personal service workers 274 10.9
    Clerical & administrative workers 403 16.0
    Others 479 19.0
    Occupation
    Census Count Percent(%)
    Pre-school 52 4.3
    Infants/Primary 349 28.7
    Secondary 379 31.2
    Technical or Further Educational Institution 79 6.5
    University or other Tertiary Institutions 311 25.6
    Others 45 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3463 70.6
    Flat, unit or apartment 872 17.8
    Semi-detached, row or terrace house, townhouse 569 11.6
    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 873 39.8
    Rented 614 28.0
    Being purchased 613 28.0
    Other tenure type 92 4.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals