Suburb Profile Report for Hyde Park SA (5061)

Hyde Park House: Median price $1,092,500, Annual capital growth 6.12%, Number of sales 26, Weekly median advertised rent $650

Hyde Park Unit: Median price $424,000, Annual capital growth 7.63%, Number of sales 27, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Hyde Park has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.68% to date .

While Hyde Park,5061 ranked number 289th in SA for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

Over the last year, property investments in Hyde Park, 5061 have given investors a capital gain of -6.56%. This compares very badly with the 4.30% for SA as a whole.

Taking the average capital gain, or increase in median house value, Hyde Park,5061 has racked up an average of -6.56% over the period. This ranks it number 1665th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Hyde Park should be aiming for at least -2.62% off the asking price, which is the average vendor discount being achieved at the moment.

YIP MAG Information supplied by:

YIP MAG
June 2016

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In Adelaide’s inner south, a tightening vacancy rate is about the best thing Hyde Park has to offer right now.Full summary In Adelaide’s inner south, a tightening vacancy rate is about the best thing Hyde Park has to offer right now.

According to Real Estate Investar, the vacancy rate in Hyde Park has tightened over the past year from 2.63% to 1.8%.

While that may be good news for landlords in the suburb, those hoping for strong capital growth have likely come away disappointed over the same period.

While the median house price in Hyde Park is a respectable $1,040,000, it has fallen 6% in the past 12 months.

Units in the suburb are much more affordable, with a median price of $430,500, though they have been hit by a fall of 12% in the past year.

The better affordability offered by units is helping them sell more quickly than houses.

Units in Hyde Park are spending, on average, 41 days on the market, compared to 63 days for houses.Close
HOUSE UNIT
$1,092,500 $424,000
-0.68% -0.93%
-0.68% -6.56%
6.12% 7.63%
$650 $350
26 27
3.09% 4.29%
N/A 68.92

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 1781
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2160
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 209 11.7
    25-34 years 249 14.0
    35-44 years 223 12.5
    45-54 years 255 14.3
    55-64 years 246 13.8
    Others 600 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 667 49.3
    Not Married 570 42.1
    Defacto Relationship 116 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1287 74.7
    Hong Kong 23 1.3
    Indonesia 40 2.3
    United Kingdom 126 7.3
    Other 76 4.4
    Others 172 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.8
    Christianity 1026 62.3
    Hinduism 50 3.0
    Other Religious Groups 22 1.3
    No Religion 499 30.3
    Others 22 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 90 14.0
    $2,000-$2,499 51 7.9
    $2,500-$2,999 83 12.9
    $3,000-$3,499 50 7.8
    $4,000 or more 62 9.6
    Others 309 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 589 40.5
    Not in the labour force 450 30.9
    Employed, worked part-time 315 21.6
    Employed, away from work 55 3.8
    Unemployed, looking for work 46 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 177 18.5
    Professionals 371 38.7
    Community & personal service workers 69 7.2
    Clerical & administrative workers 112 11.7
    Sales 93 9.7
    Others 136 14.2
    Occupation
    Census Count Percent(%)
    Pre-school 25 5.0
    Infants/Primary 150 29.9
    Secondary 126 25.1
    Technical or Further Educational Institution 36 7.2
    University or other Tertiary Institutions 155 30.9
    Others 9 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1230 74.4
    Semi-detached, row or terrace house, townhouse 329 19.9
    Flat, unit or apartment 95 5.7
    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 245 34.9
    Being purchased 228 32.4
    Rented 224 31.9
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals