Suburb Profile Report for Gilberton SA (5081)

Gilberton House: Median price $903,500, Annual capital growth 7.49%, Number of sales 29, Weekly median advertised rent $488

Gilberton Unit: Median price $360,000, Annual capital growth 5.06%, Number of sales 32, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

SA has seen average median house prices change by 2.79% which means that Gilberton, 5081 has done well for property investors by showing a capital gain of -0.99% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Gilberton comes in at number 427th in SA.

LACK OF BUYER INTEREST may well be the reason that Gilberton is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 21th in terms of most discounted suburbs in SA

At number 1778 in a list of fastest selling suburbs, Gilberton is just in the top half of suburbs in Australia with an average of days on market 77 for properties listed there.

A $487.5 per week rent on the median house gives suburb investors a gross yield of circa 2.81%, without taking into account capital value appreciation, which has been averaging out at 7.49%.

Property value increases in Gilberton have tracked just lower than the SA average of 4.30% over the last 12 months.

Across a shorter period, Gilberton, 5081 has seen a median price increase of -1.37% over the last quarter.

On average over the past year, suburb has had 2.67 sales per month, which equates to 32 per year.

Situated 1.00km from the CBD, Gilberton is one of Walkerville localities in the postcode 5081.

YIP MAG Information supplied by:

YIP MAG
February 2016

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A relatively small suburb to the north of the Adelaide CBD, Gilberton has seen its unit market hit some trouble in recent years.Full summary A relatively small suburb to the north of the Adelaide CBD, Gilberton has seen its unit market hit some trouble in recent years.

Currently the median unit price in the suburb sits at a relatively affordable $352,000, and looks like it could become even more so after falling in recent years.

In the past 12 months, the median unit price has fallen 47%, while over the last three years it has dropped 10%.

In spite of the falling prices, the bargain hunters haven’t swooped down on Gilberton yet, with only 12 units sold in the last 12 months.

While capital growth hasn’t been great recently, landlords are seeing decent enough rental returns, with average yields sitting at 5%.

The average weekly rent for a unit in Gilberton is $340

Selling points: 
- Tree lined streets
- Large Allotments
- Character Homes 
- Close the CBD
- Close to Private and Public Schools
- Close to local amenities
- Close to public transport

 Close
HOUSE UNIT
$903,500 $360,000
2.09% -1.37%
-0.99% -2.04%
7.49% 5.06%
$488 $400
29 32
2.81% 5.78%
77 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Balanced (H)
Find a mortgage broker in Gilberton SA
Demographics
Total population 1365
Median household income ($/weekly) 1252
Median age of persons 43
Median housing loan repayment ($/monthly) 1400
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 166 12.2
    35-44 years 194 14.2
    45-54 years 163 11.9
    55-64 years 242 17.7
    65-74 years 119 8.7
    Others 481 35.2
    Age Group
    Census Count Percent(%)
    Not Married 511 48.4
    Registered Married 481 45.5
    Defacto Relationship 64 6.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 884 70.4
    Croatia 26 2.1
    Indonesia 36 2.9
    United Kingdom 105 8.4
    Other 77 6.1
    Others 128 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 2.1
    Christianity 728 59.9
    Hinduism 25 2.1
    Islam 35 2.9
    No Religion 387 31.9
    Others 14 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 46 8.7
    $300-$399 49 9.2
    $600-$799 43 8.1
    $1,500-$1,999 57 10.8
    $2,500-$2,999 61 11.5
    Others 274 51.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 421 37.9
    Employed, worked full-time 363 32.7
    Employed, worked part-time 249 22.4
    Unemployed, looking for work 40 3.6
    Employed, away from work 37 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 95 14.6
    Professionals 261 40.1
    Community & personal service workers 61 9.4
    Clerical & administrative workers 83 12.7
    Sales 47 7.2
    Others 104 16.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 82 24.8
    Secondary 75 22.7
    Technical or Further Educational Institution 25 7.6
    University or other Tertiary Institutions 132 40.0
    Other type of educational institution 9 2.7
    Others 7 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 782 63.8
    Semi-detached, row or terrace house, townhouse 330 26.9
    Flat, unit or apartment 113 9.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 209 37.5
    Fully owned 205 36.8
    Being purchased 134 24.1
    Other tenure type 9 1.6
    Tenure Type
Census 2011, ABS
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