Suburb Profile Report for Highgate SA (5063)

Highgate House: Median price $975,000, Annual capital growth 8.07%, Number of sales 26, Weekly median advertised rent $503

Highgate Unit: Median price $307,000, Annual capital growth 6.73%, Number of sales 11, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Highgate have tracked higher than the SA average of 2.82% over the last 12 months.

While Highgate,5063 ranked number 20th in SA for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Highgate is offering property investors an average of -6.55. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in SA

Often selling an investment property can take time, and in Highgate the average time real estate has been on the market is 77.66 days.

Using the current median advertised rental of $502.5 and the average annual increase in value of a median property of 8.07%, investors should hope to achieve an overall return of 2.68%

Over the last year, property investments in Highgate, 5063 have given investors a capital gain of -12.29%. This compares very badly with the 3.03% for SA as a whole.

If we look at median property appreciation over just the last three months, Highgate has given property investors a paper return of -0.97%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in SA

In the last year 11 properties changed hands in Highgate, which puts it as the 192th most active market in SA when comparing the number of sales per suburb.

Advertised rents are around the $290 mark per week – giving a return of 4.91% based on the median price in Suburb

HOUSE UNIT
$975,000 $307,000
12.59% -0.97%
14.44% -12.29%
8.07% 6.73%
$503 $290
26 11
2.68% 4.91%
77.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 1445
Median household income ($/weekly) 1519
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 212 14.7
    25-34 years 130 9.0
    35-44 years 212 14.7
    45-54 years 238 16.5
    55-64 years 173 12.0
    Others 480 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 548 51.6
    Not Married 446 42.0
    Defacto Relationship 68 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1092 77.7
    Croatia 48 3.4
    Malta 19 1.4
    United Kingdom 69 4.9
    Other 41 2.9
    Others 136 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 2.6
    Christianity 890 66.8
    Hinduism 13 1.0
    Other Religious Groups 15 1.1
    No Religion 376 28.2
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 45 9.5
    $1,000-$1,249 42 8.8
    $1,500-$1,999 50 10.5
    $2,500-$2,999 51 10.7
    $3,000-$3,499 45 9.5
    Others 243 51.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 441 39.3
    Not in the labour force 353 31.4
    Employed, worked part-time 274 24.4
    Employed, away from work 35 3.1
    Unemployed, looking for work 20 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 107 14.3
    Professionals 285 38.1
    Community & personal service workers 61 8.2
    Clerical & administrative workers 105 14.0
    Sales 58 7.8
    Others 132 17.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 159 35.1
    University or other Tertiary Institutions 123 27.2
    Secondary 116 25.6
    Pre-school 31 6.8
    Technical or Further Educational Institution 24 5.3
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1053 76.6
    Flat, unit or apartment 170 12.4
    Semi-detached, row or terrace house, townhouse 143 10.4
    House or flat attached to a shop, office 8 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 210 39.5
    Being purchased 197 37.1
    Rented 112 21.1
    Other tenure type 12 2.3
    Tenure Type
Census 2011, ABS
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