Suburb Profile Report for Seacombe Gardens SA (5047)

Seacombe Gardens House: Median price $448,500, Annual capital growth 5.60%, Number of sales 47, Weekly median advertised rent $390

Seacombe Gardens Unit: Median price $442,000, Annual capital growth 3.90%, Number of sales 47, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Seacombe Gardens, 5047 have given investors a capital gain of 3.10%. This compares averagely with the 3.17% for SA as a whole.

If we look at median property appreciation over just the last three months, Seacombe Gardens has given property investors a paper return of 1.24%. This puts Suburb as 191 on a list of fastest fasting appreciating suburbs in SA

Sellers are offering property buyers an average discount of -5.45% to buyers in Seacombe Gardens at the moment, which is less than average for the rest of SA.

Often selling an investment property can take time, and in Seacombe Gardens the average time real estate has been on the market is 74.75 days.

Renters in Suburb are facing rents around $4680 per annum or $390 every week.

Investment property in Seacombe Gardens has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.49%

Over the longer term, Seacombe Gardens has seen property prices show investors a 10.50% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Seacombe Gardens 5047 should be seeing an average reduction in asking price of around -5.67% . This means that Seacombe Gardens is holding prices well when compared to other suburbs in SA.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 3.90%, investors should hope to achieve an overall return of 4.71%

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Located 12 km from Adelaide CBD, Seacombe Gardens is a good place to pick up homes to renovate for profit according to Rob Williams, runner up of the inaugural Your Investment Property Investor of the Year Awards 2008.
Full summary
Located 12 km from Adelaide CBD, Seacombe Gardens is a good place to pick up homes to renovate for profit according to Rob Williams, runner up of the inaugural Your Investment Property Investor of the Year Awards 2008.
The suburb has large blocks and older style houses which can be upgraded and subdivided to cater for the younger demographics in the area.
“There is a lot of subdivision going on here at the moment. The downside of that is that there is upward pressure on prices making it hard to turn a profit on a renovation,” says Williams.
On the other hand, Williams says that in suburbs such as Seacombe Gardens, Oaklands Park and quite a few others, where there is a large enough price differential between renovated or new homes and unrenovated homes, there is potential to take advantage of this development/subdivision price surge.
“Renovation opportunities on blocks too small to be subdivided tend to sell relatively cheaply as the only potential buyers are owner occupiers and maybe a few investors,” says Williams. “By not competing with the frenzied bidding of the developers, it’s sometimes possible to snag an attractive buy.
"The suburb benefits from the influx of money and becomes more sought after and values often tend to move upward. The rising tide floats all boats, including the smaller properties on blocks without development potential. There will always be buyers and renters for these types of properties, too, post renovation – as they provide a cheap entry point into up and coming suburbs.”
Close
Metrics i HOUSE UNIT
$448,500 $442,000
1.24% 2.79%
3.10% 4.49%
5.60% 3.90%
$390 $400
47 47
4.52% 4.71%
74.75 79.48

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Seacombe Gardens SA
Demographics
Total population 2551
Median household income ($/weekly) 826
Median age of persons 39
Median housing loan repayment ($/monthly) 1807
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 236 9.3
    25-34 years 412 16.2
    35-44 years 307 12.0
    45-54 years 313 12.3
    55-64 years 311 12.2
    Others 972 38.1
    Age Group
    Census Count Percent(%)
    Not Married 1029 51.8
    Registered Married 777 39.1
    Defacto Relationship 179 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1708 70.7
    Croatia 61 2.5
    Philippines 30 1.2
    United Kingdom 217 9.0
    Other 152 6.3
    Others 248 10.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 38 1.7
    Christianity 1398 62.1
    Hinduism 33 1.5
    Islam 103 4.6
    No Religion 649 28.8
    Others 29 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 119 12.0
    $400-$599 165 16.6
    $600-$799 109 11.0
    $1,250-$1,499 87 8.8
    $1,500-$1,999 106 10.7
    Others 407 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 881 43.4
    Employed, worked full-time 617 30.4
    Employed, worked part-time 394 19.4
    Unemployed, looking for work 75 3.7
    Employed, away from work 62 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 216 20.0
    Technicians & trades workers 140 13.0
    Community & personal service workers 132 12.2
    Clerical & administrative workers 166 15.4
    Labourers 138 12.8
    Others 287 26.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 170 29.8
    Secondary 111 19.5
    Technical or Further Educational Institution 59 10.4
    University or other Tertiary Institutions 172 30.2
    Other type of educational institution 30 5.3
    Others 28 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1566 64.5
    Semi-detached, row or terrace house, townhouse 684 28.2
    Flat, unit or apartment 177 7.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 472 44.1
    Fully owned 296 27.6
    Being purchased 293 27.4
    Other tenure type 10 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals