Suburb Profile Report for Warradale SA (5046)

Warradale House: Median price $550,000, Annual capital growth 5.13%, Number of sales 95, Weekly median advertised rent $370

Warradale Unit: Median price $432,000, Annual capital growth 5.20%, Number of sales 69, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Warradale is in the bottom 30% in SA when comparing median price capital growth over the last year. Warradale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.90%.

Warradale,5046 has offered an average of -0.90% return per annum in house price rises to property investors over the last three years.

At number 267th of SA’s most discounted properties, Warradale is in the TOP 40% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 7.92 sales per month, which equates to 95 per year.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 5.13%, investors should hope to achieve an overall return of 3.50%

Property investors who have had real estate in Warradale, 5046 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 8.00%

Taking the average capital gain, or increase in median house value, Warradale,5046 has racked up an average of 8.00% over the period. This ranks it number 1422th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Warradale is $432000, with sellers offering an average of -4.04% off the asking price.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 5.20%.

YIP MAG Information supplied by:

YIP MAG
June 2016

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Embracing a variety of housing types that cater to its varying demographic, Warradale, located 12km southwest of Adelaide, is lifting its game through rejuvenation of old homesFull summary Embracing a variety of housing types that cater to its varying demographic, Warradale, located 12km southwest of Adelaide, is lifting its game through rejuvenation of old homes.

“There’s an abundance of redevelopment due to the availability of larger blocks that were typical of its 1950s and 1960s development,” says Simon Tait, sales consultant at Gary J Smith Glenelg.

“It’s also an extremely attractive option for families to take advantage of large-size blocks.”

Besides being just a quick drive from Brighton Beach and the foreshore of Glenelg, Warradale also boasts excellent public transport – buses and trains – to make the 25-minute trip to the Adelaide CBD, and is also close to private and public schools.

“Warradale is perfect for high-density living due to being adjacent to Westfield Marion, the largest shopping centre in South Australia,” says Tait.

“Also, buyers who can’t afford to buy in Glenelg or its immediate suburbs are finding Warradale an excellent alternative.”

Warradale’s house median is $534,500, while Glenelg’s median is just under $900,000.Close
Metrics i HOUSE UNIT
$550,000 $432,000
-1.08% 1.41%
-0.90% 8.00%
5.13% 5.20%
$370 $350
95 69
3.50% 4.21%
68.89 101.64

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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