Suburb Profile Report for Glenelg SA (5045)

Glenelg Unit: Median price $470,000, Annual capital growth -0.72%, Number of sales 140, Weekly median advertised rent $400

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

Source: CoreLogic

  • Unit Report
  • Expert Report

Property investors who have had real estate in Glenelg, 5045 should be relatively pleased 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 10.07%

Across a shorter period, Glenelg, 5045 has seen a median price increase of 2.73% over the last quarter.

Our latest figures would indicate that property sellers in Glenelg are currently offering property investors an average price cut of -6.47% below the asking price at the moment.

Residents and property investors in Glenelg have been waiting around 99.67 days to sell a property.

Glenelg, 5045’s gross rental yield is 4.43%

YIP MAG Information supplied by:

YIP MAG
April 2016

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By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.Full summary

By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.

Currently, the median house price sits $865,000, though there are indicators that it could soon become more affordable.

The latest data from CoreLogic RP Data has revealed a 12% drop in house values over the past year, while over the past five years values have fallen 9%.

Investors aren’t seeing any real cash flow that would ease that pain either, with Glenelg’s rental yield currently sitting at just 3%.

Glenelg is around a 20-minute drive to Adelaide CBD, while the tram line that runs through the suburb can have commuters in the city centre in just over half an hour.

Adelaide Airport is just to the north of Glenelg, while there are a number of shopping centres within the suburb.

Close
Metrics i HOUSE UNIT
N/A $470,000
N/A 2.73%
N/A 10.07%
N/A -0.72%
N/A $400
N/A 140
N/A 4.43%
N/A 99.67

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
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Demographics
Total population 3447
Median household income ($/weekly) 1241
Median age of persons 46
Median housing loan repayment ($/monthly) 2080
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 561 16.3
    35-44 years 383 11.1
    45-54 years 453 13.1
    55-64 years 553 16.0
    65-74 years 374 10.8
    Others 1124 32.6
    Age Group
    Census Count Percent(%)
    Not Married 1201 50.7
    Registered Married 917 38.7
    Defacto Relationship 250 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2081 69.0
    China 41 1.4
    Papua New Guinea 41 1.4
    United Kingdom 336 11.1
    Other 145 4.8
    Others 372 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 55 1.9
    Christianity 1857 64.5
    Hinduism 29 1.0
    Islam 37 1.3
    No Religion 887 30.8
    Others 14 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 121 9.3
    $600-$799 130 10.0
    $800-$999 121 9.3
    $1,500-$1,999 166 12.7
    $2,500-$2,999 145 11.1
    Others 622 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1074 38.4
    Employed, worked full-time 1033 36.9
    Employed, worked part-time 468 16.7
    Employed, away from work 116 4.1
    Unemployed, looking for work 107 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 281 17.4
    Professionals 425 26.3
    Technicians & trades workers 167 10.3
    Clerical & administrative workers 244 15.1
    Sales 171 10.6
    Others 329 20.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 95 19.5
    Secondary 91 18.6
    Technical or Further Educational Institution 60 12.3
    University or other Tertiary Institutions 203 41.6
    Other type of educational institution 26 5.3
    Others 13 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1473 55.3
    Separate house 631 23.7
    Semi-detached, row or terrace house, townhouse 535 20.1
    House or flat attached to a shop, office 24 0.9
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 633 48.0
    Fully owned 436 33.1
    Being purchased 233 17.7
    Other tenure type 16 1.2
    Tenure Type
Census 2011, ABS
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