Suburb Profile Report for Glenunga SA (5064)

Glenunga House: Median price $950,000, Annual capital growth 7.17%, Number of sales 33, Weekly median advertised rent $550

Glenunga Unit: Median price $505,750, Annual capital growth 7.88%, Number of sales 22, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Glenunga have tracked higher than the SA average of 3.24% over the last 12 months.

Taking the average capital gain, or increase in median house value, Glenunga,5064 has racked up an average of 16.21% over the period. This ranks it number 2038th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Glenunga should be aiming for at least -5.37% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 33 properties changed hands in Glenunga, which puts it as the 279th most active market in SA when comparing the number of sales per suburb.

Glenunga, 5064 ranked 19th in SA when comparing growth in median property values or capital gain over the last 12 months. Glenunga is one of 853 in our list for SA

Glenunga,5064 has offered an average of 25.34% return per annum in house price rises to property investors over the last three years.

Glenunga, 5064 is offering SA ‘s 26th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this SA.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

Ashley Munchenberg Information supplied by:

Ashley Munchenberg
Scarce Real Estate

M 08 8332 1022
O 0411 661 999

W www.scarce.com.au
E ashley@scarce.com.au
At number 3780th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenunga, 5064 is in the BOTTOM 10% with a property value increase of -18.97% recorded in median house prices.

If we look at median property appreciation over just the last three months, Glenunga has given property investors a paper return of -2.43%. This puts Suburb as 331 on a list of fastest fasting appreciating suburbs in SA

Property buyers and investors in Glenunga 5064 should be seeing an average reduction in asking price of around -9.35% . This means that Glenunga is holding prices well when compared to other suburbs in SA.Full summary
At number 3780th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenunga, 5064 is in the BOTTOM 10% with a property value increase of -18.97% recorded in median house prices.
 
If we look at median property appreciation over just the last three months, Glenunga has given property investors a paper return of -2.43%. This puts Suburb as 331 on a list of fastest fasting appreciating suburbs in SA.
 
Property buyers and investors in Glenunga 5064 should be seeing an average reduction in asking price of around -9.35% . This means that Glenunga is holding prices well when compared to other suburbs in SA.
 
Selling points: 
 
Glenunga is located within 5 kilometres of the Adelaide CBD and is attractive to potential purchasers due to its proximity to Glenunga International High School, several private schools and upmarket shopping. It is a very leafy suburb with many trees and has a main park – Glenunga Reserve.
 
Most sought-after properties: 
Most potential purchasers are looking for family focused properties. There are not a great many smaller homes although there are several blocks of higher density housing on the main roads surrounding the suburb. Recent development of older properties has seen some larger, modern design homes being constructed.
 
Most common properties:  
Traditional Bungalow styled homes.
 
Top amenities: 
Burnside Villlage shopping centre, Arkaba shopping centre
Variety of smaller shops on Portrush Road
 
Local industry and business:
There is no major local industry
 
Recent changes: 
There has been a great deal of interest in the area, especially for older style homes with the potential to redevelop or replace as Glenunga International High School has attracted overseas families and students.
 
Best streets: 
L’Estrange Street
Cedar Avenue
Glenunga Avenue
 
Public transport: 
Major bus routes on the main arterial roads surrounding the suburbs
 
Main arteries: 
Portrush Road
Glen Osmond Road
Close
Metrics i HOUSE UNIT
$950,000 $505,750
3.09% 16.00%
16.21% 25.34%
7.17% 7.88%
$550 $320
33 22
3.01% 3.29%
56.82 91.16

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Glenunga SA
Demographics
Total population 1867
Median household income ($/weekly) 1451
Median age of persons 45
Median housing loan repayment ($/monthly) 1993
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 209 11.2
    35-44 years 216 11.6
    45-54 years 286 15.3
    55-64 years 275 14.7
    65-74 years 213 11.4
    Others 669 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 797 54.2
    Not Married 605 41.1
    Defacto Relationship 69 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1307 73.9
    Croatia 84 4.8
    Malta 25 1.4
    United Kingdom 95 5.4
    Other 76 4.3
    Others 181 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.7
    Christianity 1099 65.2
    Hinduism 18 1.1
    Other Religious Groups 16 0.9
    No Religion 495 29.4
    Others 28 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 64 9.3
    $600-$799 68 9.9
    $800-$999 56 8.1
    $1,500-$1,999 66 9.6
    $2,500-$2,999 87 12.6
    Others 349 50.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 597 39.4
    Employed, worked full-time 488 32.2
    Employed, worked part-time 334 22.1
    Employed, away from work 51 3.4
    Unemployed, looking for work 44 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 161 18.5
    Professionals 292 33.6
    Community & personal service workers 82 9.4
    Clerical & administrative workers 123 14.2
    Sales 92 10.6
    Others 119 13.7
    Occupation
    Census Count Percent(%)
    Pre-school 18 3.6
    Infants/Primary 149 30.0
    Secondary 141 28.4
    Technical or Further Educational Institution 31 6.3
    University or other Tertiary Institutions 147 29.6
    Others 10 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1367 77.1
    Flat, unit or apartment 316 17.8
    Semi-detached, row or terrace house, townhouse 89 5.0
    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 346 46.6
    Being purchased 244 32.8
    Rented 146 19.7
    Other tenure type 7 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals