Suburb Profile Report for Greenacres SA (5086)

Greenacres House: Median price $435,000, Annual capital growth 7.21%, Number of sales 55, Weekly median advertised rent $370

Greenacres Unit: Median price $256,000, Annual capital growth 5.96%, Number of sales 10, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Greenacres, 5086 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.75%

Over the longer term, Greenacres has seen property prices show investors a 17.57% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Greenacres is giving property investors an average Vendor Discount of around -7.72%. This puts suburb at number 81th in SA when ranking the most discounted suburbs.

Greenacres is 182th on a list of best yielding suburbs for rents in SA with a 4.42% return

If you compare the increase in value of investment property in Greenacres, 5086 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -9.38%.

Vendor discounting in Greenacres is giving property investors an average Vendor Discount of around -8.22%. This puts suburb at number 19th in SA when ranking the most discounted suburbs.

HOUSE UNIT
$435,000 $256,000
0.00% -5.19%
8.75% -9.38%
7.21% 5.96%
$370 $255
55 10
4.42% 5.18%
56.23 83.72

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2410
Median household income ($/weekly) 927
Median age of persons 32
Median housing loan repayment ($/monthly) 1538
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 238 9.9
    20-24 years 238 9.9
    25-34 years 525 21.8
    35-44 years 320 13.3
    45-54 years 292 12.1
    Others 796 33.0
    Age Group
    Census Count Percent(%)
    Not Married 912 49.4
    Registered Married 730 39.6
    Defacto Relationship 203 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1523 67.2
    Croatia 63 2.8
    Indonesia 167 7.4
    United Kingdom 117 5.2
    Other 121 5.3
    Others 275 12.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1222 56.2
    Hinduism 91 4.2
    Islam 90 4.1
    Other Religious Groups 74 3.4
    No Religion 640 29.4
    Others 59 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 95 10.4
    $400-$599 107 11.7
    $600-$799 115 12.6
    $1,000-$1,249 95 10.4
    $1,500-$1,999 108 11.8
    Others 395 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 686 36.4
    Employed, worked full-time 684 36.3
    Employed, worked part-time 348 18.5
    Unemployed, looking for work 97 5.1
    Employed, away from work 70 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 224 20.4
    Technicians & trades workers 148 13.5
    Community & personal service workers 117 10.6
    Clerical & administrative workers 184 16.7
    Labourers 131 11.9
    Others 295 26.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 161 29.9
    Secondary 103 19.1
    Technical or Further Educational Institution 83 15.4
    University or other Tertiary Institutions 131 24.3
    Other type of educational institution 34 6.3
    Others 27 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1793 78.1
    Flat, unit or apartment 301 13.1
    Semi-detached, row or terrace house, townhouse 202 8.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 471 48.1
    Being purchased 287 29.3
    Fully owned 215 22.0
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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