Suburb Profile Report for Magill SA (5072)

Magill House: Median price $604,250, Annual capital growth 5.10%, Number of sales 175, Weekly median advertised rent $370

Magill Unit: Median price $375,000, Annual capital growth 5.17%, Number of sales 56, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a stable capital gain of 8.87% for the last year, Magill, 5072 is the 1309th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Magill has given property investors a paper return of 1.81%. This puts Suburb as 149 on a list of fastest fasting appreciating suburbs in SA

Our latest figures would indicate that property sellers in Magill are currently offering property investors an average price cut of -5.66% below the asking price at the moment.

Residents and property investors in Magill have been waiting around 66.71 days to sell a property.

With the median price for a house in Magill being $604250 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.18%

SA has seen average median house prices change by 4.30% which means that Magill, 5072 has done well for property investors by showing a capital gain of 7.76% over the last year

While Magill,5072 ranked number 91th in SA for increase in median house value (annualised) increase, it is ranked 98th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Magill is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 81th in terms of most discounted suburbs in SA

At number 1088 in a list of fastest selling suburbs, Magill is in the bottom 30% of suburbs in Australia with an average of days on market 96.84 for properties listed there.

Advertised rents are around the $300 mark per week – giving a return of 4.16% based on the median price in Suburb

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A leafy suburb at the foothills of Adelaide, Magill is known for its high quality schools, access to a university campus, affluence and many large houses.
The last decade has seen a near doubling of the population, as the increased quality of schooling, public transport and proximity to the CBD saw Magill emerge as a truly desirable suburb.
Homes of three and four bedrooms remain the most sought after for many of the suburb's young families, while down sizers and first home buyers keep the unit market ticking along nicely.
Magill is centrally located, to provide reasonably fast access to beaches, the city, wine country and national parks.
The nearby trendy shopping centre of Norwood is another big plus for this inner ring locality.Full summary

Selling points: Magill is located at the foothills of Adelaide. It is one of the leafy suburbs famed for its fantastic schools. There is low crime and many shopping centres. The area is affluent and there are many large houses, although the last seven years has seen an increase in population and sub-divisions.  There is a mixture of old homes on large blocks and brand new villas. It is 8km to the CBD and 3km to the trendy shopping precinct of Norwood.

Most sought after properties: Three and four-bedroom homes are the most sought after for families. Older people who are down-sizing are also looking to buy small, low maintenance homes. The last group of buyers are first home buyers wanting to get a foothold into the suburb. These buyers purchase units from$280,000 to $320,000.

Most common properties: A mixture of older homes on large blocks, brand new two-storey homes and some units. The trend now is to subdivide the blocks and build low maintenance courtyard villas.

Top amenities: High quality public schools and private schools, plus the University of SA campus all create demand. Add to this the great shopping centres within a 3km radius, plenty of parks and playgrounds. Magill Road is full of cafes, boutiques and restaurants and plenty of bakers, butchers and greengrocers.

Local industry and business: Most residents are commuters to either the city, Tea Tree Plaza, or the Northern suburbs. Magill has many residents employed in the medical and service sectors.

Recent changes: The population has almost doubled in the last 10 years. The fantastic schools, proximity to the CBD and good public transport have all contributed to making Magill a desirable suburb.

Best streets: South Magill is generally considered more prestigious than North Magill. Avoid St Bernards Rd, Arthur Street and Magill Road. Romalo Ave and Brougham Rd are two  great streets.

Public transport: There are many buses going to the city and it takes 15 minutes by car (out of peak hour) to get to the CBD.

Main arteries: It takes 40 minutes to get to most beaches, 10 minutes to get to the foothills and a breezy 30 minutes to get to the hills. The Morialta Conservation Park is a five minute drive, as is the trendy shopping precinct of Norwood. The Barossa Valley is an hour away and the McLaren Vale is 40 minutes away.

Close
HOUSE UNIT
$604,250 $375,000
1.81% 0.00%
8.87% 7.76%
5.10% 5.17%
$370 $300
175 56
3.18% 4.16%
66.71 96.84

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Magill SA
Demographics
Total population 8229
Median household income ($/weekly) 1059
Median age of persons 41
Median housing loan repayment ($/monthly) 1658
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 897 10.9
    25-34 years 1004 12.2
    35-44 years 1151 14.0
    45-54 years 1109 13.5
    55-64 years 871 10.6
    Others 3197 38.9
    Age Group
    Census Count Percent(%)
    Registered Married 3003 47.2
    Not Married 2933 46.1
    Defacto Relationship 432 6.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5197 65.6
    Croatia 269 3.4
    Japan 340 4.3
    United Kingdom 467 5.9
    Other 345 4.4
    Others 1300 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 292 3.8
    Christianity 5006 65.7
    Hinduism 101 1.3
    Islam 110 1.4
    No Religion 2000 26.3
    Others 109 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 284 9.1
    $400-$599 351 11.3
    $600-$799 319 10.3
    $1,500-$1,999 337 10.8
    $2,000-$2,499 292 9.4
    Others 1528 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2690 40.2
    Employed, worked full-time 2257 33.8
    Employed, worked part-time 1324 19.8
    Unemployed, looking for work 217 3.2
    Employed, away from work 198 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 445 11.8
    Professionals 1159 30.7
    Technicians & trades workers 417 11.1
    Community & personal service workers 374 9.9
    Clerical & administrative workers 607 16.1
    Others 771 20.4
    Occupation
    Census Count Percent(%)
    Pre-school 111 5.2
    Infants/Primary 641 30.3
    Secondary 470 22.2
    Technical or Further Educational Institution 166 7.8
    University or other Tertiary Institutions 659 31.1
    Others 70 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5872 75.8
    Semi-detached, row or terrace house, townhouse 1046 13.5
    Flat, unit or apartment 819 10.6
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 3 0.0
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1168 35.5
    Rented 1055 32.1
    Being purchased 988 30.0
    Other tenure type 80 2.4
    Tenure Type
Census 2011, ABS
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