Suburb Profile Report for Myrtle Bank SA (5064)

Myrtle Bank House: Median price $881,000, Annual capital growth 5.42%, Number of sales 52, Weekly median advertised rent $478

Myrtle Bank Unit: Median price $395,000, Annual capital growth 3.49%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Myrtle Bank, 5064 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.53%.

Comparing Myrtle Bank,5064 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Myrtle Bank, 5064 is offering SA ‘s 114th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this SA.

Myrtle Bank is 378th on a list of best yielding suburbs for rents in SA with a 2.82% return

Giving property investors a an average capital gain of 3.13% for the last year, Myrtle Bank, 5064 is the 834th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Myrtle Bank,5064 has racked up an average of 3.13% over the period. This ranks it number 1657th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.09% to buyers in Myrtle Bank at the moment, which is less than average for the rest of SA.

At number 1006 in a list of fastest selling suburbs, Myrtle Bank is in the bottom 40% of suburbs in Australia with an average of days on market 91.83 for properties listed there.

The SA suburb of Myrtle Bank, 5064 is in the Unley local government area.

HOUSE UNIT
$881,000 $395,000
3.77% -8.14%
6.53% 3.13%
5.42% 3.49%
$478 $320
52 16
2.82% 4.21%
79.4 91.83

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2939
Median household income ($/weekly) 1379
Median age of persons 50
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    35-44 years 317 10.8
    45-54 years 342 11.6
    55-64 years 350 11.9
    75-84 years 344 11.7
    85 years and over 412 14.0
    Others 1174 39.9
    Age Group
    Census Count Percent(%)
    Registered Married 1066 53.3
    Not Married 825 41.3
    Defacto Relationship 109 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2132 77.1
    Croatia 33 1.2
    Indonesia 39 1.4
    United Kingdom 221 8.0
    Other 90 3.3
    Others 250 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.5
    Christianity 1814 68.9
    Hinduism 25 0.9
    Islam 23 0.9
    No Religion 706 26.8
    Others 26 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 10.9
    $600-$799 79 8.1
    $1,250-$1,499 88 9.1
    $1,500-$1,999 111 11.4
    $2,500-$2,999 108 11.1
    Others 479 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1202 49.7
    Employed, worked full-time 676 28.0
    Employed, worked part-time 432 17.9
    Employed, away from work 55 2.3
    Unemployed, looking for work 52 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 170 14.5
    Professionals 469 40.1
    Technicians & trades workers 96 8.2
    Clerical & administrative workers 145 12.4
    Sales 119 10.2
    Others 170 14.5
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.6
    Infants/Primary 226 34.7
    Secondary 164 25.2
    Technical or Further Educational Institution 32 4.9
    University or other Tertiary Institutions 182 28.0
    Others 17 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1817 73.9
    Semi-detached, row or terrace house, townhouse 364 14.8
    Flat, unit or apartment 278 11.3
    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 440 42.1
    Being purchased 277 26.5
    Rented 198 19.0
    Other tenure type 129 12.4
    Tenure Type
Census 2011, ABS
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