Suburb Profile Report for Warradale SA (5046)

Warradale House: Median price $565,000, Annual capital growth 5.14%, Number of sales 78, Weekly median advertised rent $368

Warradale Unit: Median price $450,000, Annual capital growth 5.94%, Number of sales 74, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Warradale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.73%

While Warradale,5046 ranked number 201th in SA for increase in median house value (annualised) increase, it is ranked 95th over the last 5 years.

Warradale5046 is located in SA which offers an average discount of -6.34% to property investors. Warradale itself is showing figures that indicate -6.30% is the average achievable by property buyers investing in the suburb.

Property investors who have had real estate in Warradale, 5046 should be 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 13.07%

Warradale,5046 has offered an average of 13.07% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Warradale is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 148th in terms of most discounted suburbs in SA

Warradale is 150th on a list of best yielding suburbs for rents in SA with a 4.04% return

Information supplied by:


March 2017

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The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.Full summary

Units gain ground in southwest city suburb

Median unit price: $426,000

Three-year growth: 0.24%

Rental yield: 4.15%

The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.

In this quarter, the unit market recorded a high 7% increase in prices, bringing the median price to $426,000. This is up from the 0.24% rise reported three years ago. Apartments are also selling at an average of approximately 4%, indicating that there is reasonable demand. Indeed, the vacancy rate in Warradale is a low 1.4%.

Interest in this suburb may be because it is just over 10km from the CBD. It is also only minutes from West Beach, offering occupants both relaxation and convenience. Commuters are able to easily travel via train and bus, and the suburb is linked to many roads. Warradale is within several school zones, including Brighton High School and Seaview High.
 

Close
Metrics i HOUSE UNIT
$565,000 $450,000
0.89% 3.45%
2.73% 13.07%
5.14% 5.94%
$368 $350
78 74
3.38% 4.04%
67 82.57

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Warradale SA
Demographics
Total population 4722
Median household income ($/weekly) 1073
Median age of persons 43
Median housing loan repayment ($/monthly) 1625
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 454 9.6
    25-34 years 607 12.9
    35-44 years 579 12.3
    45-54 years 639 13.5
    55-64 years 598 12.7
    Others 1845 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 1744 47.0
    Not Married 1635 44.0
    Defacto Relationship 334 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3683 81.1
    Indonesia 45 1.0
    Japan 43 0.9
    United Kingdom 329 7.2
    Other 106 2.3
    Others 335 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 1.0
    Christianity 2831 65.4
    Hinduism 39 0.9
    Islam 33 0.8
    No Religion 1362 31.4
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 164 9.0
    $400-$599 241 13.2
    $600-$799 207 11.4
    $1,500-$1,999 206 11.3
    $2,000-$2,499 199 10.9
    Others 804 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1451 37.5
    Employed, worked full-time 1374 35.5
    Employed, worked part-time 775 20.0
    Employed, away from work 144 3.7
    Unemployed, looking for work 126 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 237 10.3
    Professionals 540 23.5
    Technicians & trades workers 296 12.9
    Community & personal service workers 274 11.9
    Clerical & administrative workers 397 17.3
    Others 549 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 55 5.5
    Infants/Primary 353 35.2
    Secondary 252 25.1
    Technical or Further Educational Institution 100 10.0
    University or other Tertiary Institutions 218 21.7
    Others 25 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3576 80.1
    Semi-detached, row or terrace house, townhouse 658 14.7
    Flat, unit or apartment 233 5.2
    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 809 41.6
    Being purchased 682 35.1
    Rented 436 22.4
    Other tenure type 18 0.9
    Tenure Type
Census 2011, ABS
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