Suburb Profile Report for Wattle Park SA (5066)

Wattle Park House: Median price $830,000, Annual capital growth 4.06%, Number of sales 39, Weekly median advertised rent $595

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

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in Wattle Park, 5066 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 10.45%.

A 18.07% growth in median value for property investors in Wattle Park,5066 puts this suburb at number 183th in terms of best performing suburbs in SA

Vendor discounting in Wattle Park is giving property investors an average Vendor Discount of around -5.33%. This puts suburb at number 248th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Wattle Park the average time real estate has been on the market is 91.41 days.

A $595 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 4.06%.

Information supplied by:




M
O

W
E
Wattle Park sits around 8km directly east of the Adelaide CBD, in between Rosslyn Park and Skye, and it’s something of a prestige location, notes Herron Todd White South Australia director Jarrod Harper.Full summary
Wattle Park sits around 8km directly east of the Adelaide CBD, in between Rosslyn Park and Skye, and it’s something of a prestige location, notes Herron Todd White South Australia director Jarrod Harper.
“This is a semi foothills location with 1960s and 1970s homes of good proportions. There are views from many houses, and the distance to Adelaide's top schools and prestige inner eastern shopping is minimal,” he says.
He admits that the median price for houses here (over $700,000 according to RP Data) will put off most investors, but notes that – for those that can afford it – now’s a good time to buy below median priced property. 
“The median house price in the area will be falling at the moment so now is a good time to buy and hold in the area. Houses are often over $750,000 in price, but the lower end in the locality is the one to watch,” he explains.
Poor rental yields will also cause many investors to gulp, so if serviceability is an issue then this is perhaps a market to steer clear of until its price correction brings yields up to a more palatable level.
Close
HOUSE UNIT
$830,000 N/A
1.22% N/A
10.45% N/A
4.06% N/A
$595 N/A
39 N/A
3.73% N/A
91.41 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Wattle Park SA
Demographics
Total population 1835
Median household income ($/weekly) 1705
Median age of persons 45
Median housing loan repayment ($/monthly) 2293
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 240 13.1
    35-44 years 190 10.3
    45-54 years 302 16.4
    55-64 years 262 14.3
    65-74 years 178 9.7
    Others 664 36.2
    Age Group
    Census Count Percent(%)
    Registered Married 808 57.1
    Not Married 535 37.8
    Defacto Relationship 73 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1189 67.1
    Croatia 75 4.2
    Malta 41 2.3
    United Kingdom 113 6.4
    Other 58 3.3
    Others 296 16.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1091 65.9
    No Religion 448 27.1
    Buddhism 61 3.7
    Hinduism 35 2.1
    Other Religious Groups 20 1.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 45 7.8
    $800-$999 60 10.4
    $1,500-$1,999 63 10.9
    $2,500-$2,999 85 14.7
    $4,000 or more 52 9.0
    Others 274 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 580 39.5
    Employed, worked full-time 482 32.8
    Employed, worked part-time 333 22.7
    Employed, away from work 43 2.9
    Unemployed, looking for work 32 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 152 17.7
    Professionals 328 38.1
    Community & personal service workers 74 8.6
    Clerical & administrative workers 116 13.5
    Sales 75 8.7
    Others 115 13.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 3.2
    Infants/Primary 178 33.8
    Secondary 157 29.8
    Technical or Further Educational Institution 16 3.0
    University or other Tertiary Institutions 148 28.1
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1619 93.2
    Semi-detached, row or terrace house, townhouse 119 6.8
    Flat, unit or apartment 0 0.0
    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 337 52.1
    Being purchased 224 34.6
    Rented 66 10.2
    Other tenure type 20 3.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals