Suburb Profile Report for Somerton Park SA (5044)

Somerton Park House: Median price $765,000, Annual capital growth 5.17%, Number of sales 83, Weekly median advertised rent $445

Somerton Park Unit: Median price $440,000, Annual capital growth 5.48%, Number of sales 55, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Somerton Park have tracked just higher than the SA average of 3.22% over the last 12 months.

While Somerton Park,5044 ranked number 216th in SA for increase in median house value (annualised) increase, it is ranked 122th over the last 5 years.

At number 122th of SA’s most discounted properties, Somerton Park is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $445 weekly from the median priced house in this suburb.

SA has seen average median house prices change by 3.99% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 18.60% over the last year

Across a shorter period, Somerton Park, 5044 has seen a median price increase of 6.02% over the last quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Somerton Park itself are offering an average vendor discount of -7.62% to real estate investors.

Somerton Park is 171th on a list of best yielding suburbs for rents in SA with a 3.78% return

Metrics i HOUSE UNIT
$765,000 $440,000
0.66% 6.02%
10.07% 18.60%
5.17% 5.48%
$445 $320
83 55
3.02% 3.78%
115.51 72.97

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
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Recent sales & rentals