Suburb Profile Report for Enfield SA (5085)

Enfield House: Median price $393,000, Annual capital growth 4.96%, Number of sales 92, Weekly median advertised rent $340

Enfield Unit: Median price $267,376, Annual capital growth 2.42%, Number of sales 18, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Enfield has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -0.51% to date .

While Enfield,5085 ranked number 208th in SA for increase in median house value (annualised) increase, it is ranked 255th over the last 5 years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Enfield itself are offering an average vendor discount of -7.68% to real estate investors.

Often selling an investment property can take time, and in Enfield the average time real estate has been on the market is 67.1 days.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.96%, investors should hope to achieve an overall return of 4.50%

At number 62th in the list of Australian suburbs ordered by increase in median house value over the last year, Enfield, 5085 is in the top 10% with a property value increase of 24.36% recorded in median house prices.

If we look at median property appreciation over just the last three months, Enfield has given property investors a paper return of -1.38%. This puts Suburb as 130 on a list of fastest fasting appreciating suburbs in SA

The most recent median price for Enfield is $267376, with sellers offering an average of -6.11% off the asking price.

Residents and property investors in Enfield have been waiting around 98.6 days to sell a property.

Enfield is 54th on a list of best yielding suburbs for rents in SA with a 5.25% return

YIP MAG Information supplied by:

YIP MAG
April 2015

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Located just 7km from Adelaide CBD, Enfield is a popular suburb due to its proximity to the CBD and its lifestyle aspectsFull summary Located just 7km from Adelaide CBD, Enfield is a popular suburb due to its proximity to the CBD and its lifestyle aspects, according to Mick Heasman, director of Northgate Real Estate.

“It’s got great amenities, such as a good local shopping strip and major centres,” he says.

Heasman says the dominant renters are often young families that have grown up in the area and want to remain here, as well as 20- to 40-year-old couples.

Rents for houses hover around $350–$450 per week.

Units fetch around $270 per week, according to Heasman.

Indeed, rental yield is strong, even with increasing house prices, and vacancy rate is tight at 1.5%.

Enfield is currently going through massive gentrification with 80s houses slowly being converted into modern houses.

There are a number of beautiful parks and recreational facilities in the area.

There are two primary schools – St. Gabriel’s Primary School and Enfield Primary School, both located in Enfield.

Residents can get to Adelaide by bus or car in approximately 30 minutes.

Moreover, the council provides local buses for the aged.

The best buys, according to Heasman, are older homes on larger allotments that are still suitable for redevelopments. 

"This has been the case for the past five to 10 years,” he says.

The best streets are those closer to the city or Regency Road, where the value and demand are strong.”Close
HOUSE UNIT
$393,000 $267,376
0.77% -1.38%
-0.51% 24.36%
4.96% 2.42%
$340 $270
92 18
4.50% 5.25%
67.1 98.6

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Enfield SA
Demographics
Total population 4894
Median household income ($/weekly) 873
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 501 10.2
    25-34 years 905 18.5
    35-44 years 668 13.6
    45-54 years 571 11.7
    55-64 years 407 8.3
    Others 1843 37.7
    Age Group
    Census Count Percent(%)
    Not Married 1879 52.2
    Registered Married 1414 39.3
    Defacto Relationship 306 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2843 62.4
    Indonesia 352 7.7
    United Kingdom 178 3.9
    Viet Nam 92 2.0
    Other 487 10.7
    Others 601 13.2
    Country of Birth
    Census Count Percent(%)
    Christianity 2424 55.3
    Hinduism 279 6.4
    Islam 332 7.6
    Other Religious Groups 128 2.9
    No Religion 1100 25.1
    Others 121 2.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 196 11.5
    $400-$599 227 13.3
    $600-$799 214 12.5
    $1,000-$1,249 189 11.1
    $1,500-$1,999 173 10.1
    Others 708 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1635 43.7
    Employed, worked full-time 1176 31.4
    Employed, worked part-time 643 17.2
    Unemployed, looking for work 170 4.5
    Employed, away from work 116 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 384 19.8
    Technicians & trades workers 284 14.6
    Community & personal service workers 215 11.1
    Clerical & administrative workers 269 13.9
    Labourers 282 14.5
    Others 506 26.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 337 31.2
    Secondary 219 20.3
    Technical or Further Educational Institution 170 15.7
    University or other Tertiary Institutions 231 21.4
    Other type of educational institution 69 6.4
    Others 54 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3674 82.0
    Semi-detached, row or terrace house, townhouse 548 12.2
    Flat, unit or apartment 256 5.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 776 42.4
    Fully owned 510 27.9
    Being purchased 509 27.8
    Other tenure type 35 1.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals