Suburb Profile Report for Seacombe Gardens SA (5047)

Seacombe Gardens House: Median price $453,000, Annual capital growth 4.60%, Number of sales 42, Weekly median advertised rent $400

Seacombe Gardens Unit: Median price $455,750, Annual capital growth 4.12%, Number of sales 48, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

SA has seen average median house prices change by 3.87% which means that Seacombe Gardens, 5047 has done well for property investors by showing a capital gain of 3.19% over the last year

Seacombe Gardens,5047 has offered an average of 3.19% return per annum in house price rises to property investors over the last three years.

The most recent median price for Seacombe Gardens is $453000, with sellers offering an average of -5.28% off the asking price.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Giving property investors a a stable capital gain of 7.42% for the last year, Seacombe Gardens, 5047 is the 640th highest performer in Australia in this respect.

While Seacombe Gardens,5047 ranked number 80th in SA for increase in median house value (annualised) increase, it is ranked 64th over the last 5 years.

Sellers are offering property buyers an average discount of -4.07% to buyers in Seacombe Gardens at the moment, which is less than average for the rest of SA.

With the median price for a house in Seacombe Gardens being $455750 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.56%

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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.”
Metrics i HOUSE UNIT
$453,000 $455,750
2.72% 0.83%
3.19% 7.42%
4.60% 4.12%
$400 $400
42 48
4.59% 4.56%
66.68 71.24

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Seacombe Gardens SA
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
    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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