Suburb Profile Report for Somerton Park SA (5044)

Somerton Park House: Median price $713,000, Annual capital growth 5.29%, Number of sales 98, Weekly median advertised rent $450

Somerton Park Unit: Median price $387,000, Annual capital growth 3.81%, Number of sales 59, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Somerton Park, 5044 ranked 389th in SA when comparing growth in median property values or capital gain over the last 12 months. Somerton Park is one of 853 in our list for SA

The five-year average increase in median property values for Somerton Park,5044 has given property investors a potential capital gain of 20.34% across each of those five years.

Property investors looking for a bargain in Somerton Park should be aiming for at least -6.36% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 98 properties changed hands in Somerton Park, which puts it as the 58th most active market in SA when comparing the number of sales per suburb.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Somerton Park, 5044 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.91%.

When looking at the potential capital gains offered to property investors over the last 3 years, Somerton Park comes in at number 42th in SA.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Somerton Park, 5044. Typically our figures indicate that -7.75% is being offered, which puts this SA suburb at 180th most discounted overall in Australia.

Often selling an investment property can take time, and in Somerton Park the average time real estate has been on the market is 73.01 days.

The SA suburb of Somerton Park, 5044 is in the Holdfast Bay local government area.

HOUSE UNIT
$713,000 $387,000
6.82% 8.71%
-5.69% 6.91%
5.29% 3.81%
$450 $300
98 59
3.28% 4.03%
85.04 73.01

Source: CoreLogic

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