Suburb Profile Report for Hyde Park SA (5061)

Hyde Park House: Median price $1,105,000, Annual capital growth 6.32%, Number of sales 32, Weekly median advertised rent $620

Hyde Park Unit: Median price $543,000, Annual capital growth 4.34%, Number of sales 17, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Hyde Park, 5061 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -5.15%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hyde Park has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Hyde Park is offering property investors an average of -6.55. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in SA

A $620 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 6.32%.

Giving property investors a a solid capital gain of 26.28% for the last year, Hyde Park, 5061 is the 51th highest performer in Australia in this respect.

Comparing Hyde Park,5061 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 4.34%.

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
$1,105,000 $543,000
1.14% 28.07%
-5.15% 26.28%
6.32% 4.34%
$620 $360
32 17
2.92% 3.45%
88.5 N/A

Source: CoreLogic

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