Suburb Profile Report for Pooraka SA (5095)

Pooraka House: Median price $353,750, Annual capital growth 4.36%, Number of sales 94, Weekly median advertised rent $330

Pooraka Unit: Median price $270,000, Annual capital growth 5.11%, Number of sales 40, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 5.28% for the last 12 months, Pooraka, 5095 has performed for property investments than its average annual 4.36% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Pooraka has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Pooraka should be aiming for at least -5.05% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 4.85%

Property investors who have had real estate in Pooraka, 5095 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.57%

Pooraka,5095 has offered an average of -3.57% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Pooraka should be aiming for at least -7.34% off the asking price, which is the average vendor discount being achieved at the moment.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at 5.11%.

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Located around 12km north of the Adelaide CBD, Pooraka has good access to the city via the Main North Road and is a couple of kilometres away from the nearest train station at Dry Creek.Full summary

Located around 12km north of the Adelaide CBD, Pooraka has good access to the city via the Main North Road and is a couple of kilometres away from the nearest train station at Dry Creek.

It’s a suburb whose property market was a beneficiary of increased market confidence as 2011 progressed, says Raine & Horne Ingle Farm principal Wayne Masters.

“Australians still need and want to purchase homes,” he says. “We are seeing good levels of enquiry from local and interstate buyers, and we expect confidence to improve throughout the remainder of the year.”

And he believes that Pookara will continue to prove popular with both investors and owner-occupiers, thanks to the type of home that it has to offer.

“In Pooraka you can secure older-style three bedroom homes with large yards, which are ideal for families,” he says.

“These properties provide a point of difference to modern homes, which are typically on smaller blocks, and sell for between $290,000 and $350,000.”

He adds that many of these blocks can be developed, subject to council approval, which will be of particular interest to investors who are hoping to add value through development as the market recovers from its slow patch.

 

Close
Metrics i HOUSE UNIT
$353,750 $270,000
2.54% -2.70%
5.28% -3.57%
4.36% 5.11%
$330 $290
94 40
4.85% 5.59%
53.74 75.35

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 7059
Median household income ($/weekly) 918
Median age of persons 38
Median housing loan repayment ($/monthly) 1365
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 827 11.7
    25-34 years 983 13.9
    35-44 years 972 13.8
    45-54 years 936 13.3
    55-64 years 856 12.1
    Others 2483 35.2
    Age Group
    Census Count Percent(%)
    Not Married 2487 46.6
    Registered Married 2475 46.3
    Defacto Relationship 379 7.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4389 66.4
    Indonesia 145 2.2
    United Kingdom 383 5.8
    Viet Nam 414 6.3
    Other 455 6.9
    Others 820 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 316 5.0
    Christianity 3995 63.2
    Hinduism 107 1.7
    Islam 379 6.0
    No Religion 1454 23.0
    Others 67 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 358 14.7
    $600-$799 295 12.1
    $800-$999 268 11.0
    $1,000-$1,249 260 10.7
    $1,500-$1,999 302 12.4
    Others 949 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2243 41.2
    Employed, worked full-time 1855 34.0
    Employed, worked part-time 924 17.0
    Unemployed, looking for work 221 4.1
    Employed, away from work 206 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 411 13.8
    Technicians & trades workers 472 15.8
    Community & personal service workers 357 12.0
    Clerical & administrative workers 462 15.5
    Labourers 423 14.2
    Others 857 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 100 6.4
    Infants/Primary 564 35.9
    Secondary 396 25.2
    Technical or Further Educational Institution 164 10.4
    University or other Tertiary Institutions 291 18.5
    Others 56 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6071 90.9
    Semi-detached, row or terrace house, townhouse 450 6.7
    Flat, unit or apartment 149 2.2
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 940 35.9
    Fully owned 899 34.4
    Rented 759 29.0
    Other tenure type 18 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals