Suburb Profile Report for Tranmere SA (5073)

Tranmere House: Median price $652,500, Annual capital growth 5.62%, Number of sales 68, Weekly median advertised rent $390

Tranmere Unit: Median price $485,000, Annual capital growth 10.08%, Number of sales 20, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Tranmere has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.24%

The five-year average increase in median property values for Tranmere,5073 has given property investors a potential capital gain of 23.00% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Tranmere is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 372th in terms of most discounted suburbs in SA

At number 572 in a list of fastest selling suburbs, Tranmere is in the TOP 20% of suburbs in Australia with an average of days on market 51.37 for properties listed there.

Advertised rents are around the $390 mark per week – giving a return of 3.11% based on the median price in Suburb

The five-year average increase in median property values for Tranmere,5073 has given property investors a potential capital gain of 46.97% across each of those five years.

Tranmere5073 is located in SA which offers an average discount of -6.30% to property investors. Tranmere itself is showing figures that indicate -5.28% is the average achievable by property buyers investing in the suburb.

Advertised rents are around the $320 mark per week – giving a return of 3.43% based on the median price in Suburb

Darren Crowley Information supplied by:

Darren Crowley
Scarce Real Estate

M 08 8332 1022
O 0424 585 214

W www.scarce.com.au
E darren@scarce.com.au
Giving property investors a an average capital gain of 2.91% for the last year, Tranmere, 5073 is the 1562th highest performer in Australia in this respect.

A 11.11% growth in median value for property investors in Tranmere,5073 puts this suburb at number 192th in terms of best performing suburbs in SA

Our latest figures would indicate that property sellers in Tranmere are currently offering property investors an average price cut of -9.19% below the asking price at the moment.

Tranmere is 351th on a list of best yielding suburbs for rents in SA with a 3.53% returnFull summary
Giving property investors a an average capital gain of 2.91% for the last year, Tranmere, 5073 is the 1562th highest performer in Australia in this respect.
 
A 11.11% growth in median value for property investors in Tranmere,5073 puts this suburb at number 192th in terms of best performing suburbs in SA
 
Our latest figures would indicate that property sellers in Tranmere are currently offering property investors an average price cut of -9.19% below the asking price at the moment.
 
Tranmere is 351th on a list of best yielding suburbs for rents in SA with a 3.53% return.
 
Selling points: Close to CBD, The Parade, public transport and large shopping precincts.
 
Most sought after properties: Large allotments (1000 sq mtrs and over) seem to be in high demand, as people are seeing the potential to sub divide and capaltilise on the areas appeal.
 
Most common properties:  Character homes, particulary bungalows and Tudors
 
Top amenities:  Firle Plaza (Contains a variety of specialty shops, as well as Kmart, and Coles)
 
Local industry and business: Magill University, 
 
Recent changes: Many older homes on large allotments are being demolished in favour of a substantial single dwelling being built or developers building 2 properties and selling one and keeping the other.
 
Best streets: Kings Grove, Tennyson Avenue
 
Public transport: Arthur St, and Magill Rd, which all go into the CBD
 
Main arteries: Glynburn Rd and  Magill Rd

 

Close
Metrics i HOUSE UNIT
$652,500 $485,000
1.16% N/A
5.24% N/A
5.62% 10.08%
$390 $320
68 20
3.11% 3.43%
51.37 59.84

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Tranmere SA
Demographics
Total population 3615
Median household income ($/weekly) 1271
Median age of persons 38
Median housing loan repayment ($/monthly) 1979
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 440 12.2
    25-34 years 419 11.6
    35-44 years 567 15.7
    45-54 years 541 15.0
    55-64 years 353 9.8
    Others 1294 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 1435 51.6
    Not Married 1177 42.3
    Defacto Relationship 171 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2348 67.3
    Croatia 122 3.5
    Japan 163 4.7
    United Kingdom 197 5.6
    Other 151 4.3
    Others 509 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 85 2.6
    Christianity 2223 66.9
    Hinduism 77 2.3
    Other Religious Groups 64 1.9
    No Religion 823 24.8
    Others 51 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 131 10.3
    $800-$999 113 8.9
    $1,250-$1,499 111 8.7
    $1,500-$1,999 162 12.7
    $2,500-$2,999 108 8.5
    Others 648 50.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1044 36.7
    Not in the labour force 993 34.9
    Employed, worked part-time 630 22.2
    Employed, away from work 94 3.3
    Unemployed, looking for work 83 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 212 12.0
    Professionals 518 29.3
    Technicians & trades workers 196 11.1
    Community & personal service workers 193 10.9
    Clerical & administrative workers 266 15.0
    Others 383 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 55 5.6
    Infants/Primary 344 35.0
    Secondary 208 21.2
    Technical or Further Educational Institution 82 8.4
    University or other Tertiary Institutions 266 27.1
    Others 27 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2951 84.7
    Semi-detached, row or terrace house, townhouse 306 8.8
    Flat, unit or apartment 225 6.5
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 516 37.7
    Being purchased 426 31.1
    Rented 416 30.4
    Other tenure type 11 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals