Suburb Profile Report for Gulfview Heights SA (5096)

Gulfview Heights House: Median price $497,500, Annual capital growth 5.78%, Number of sales 58, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Expert Report

Gulfview Heights, 5096 ranked 7th in SA when comparing growth in median property values or capital gain over the last 12 months. Gulfview Heights is one of 853 in our list for SA

If we look at median property appreciation over just the last three months, Gulfview Heights has given property investors a paper return of 17.06%. This puts Suburb as 9 on a list of fastest fasting appreciating suburbs in SA

The most recent median price for Gulfview Heights is $497500, with sellers offering an average of -6.29% off the asking price.

Andrew Farnworth Information supplied by:

Andrew Farnworth
Ray White

M 0433 963 977 Mobile: 0433 963 977
O

W http://www.raywhite.com/andrew-farnworth/real-estate-agent/af1302171105/#.UkOxyRB4hpo
E andrew.farnworth@raywhite.com
Gulfview Heights is located in the North to North-Eastern suburbs of Adelaide between McIntyre Road and the Golden Way. There are approximately 1440 properties in the suburb, housing roughly 3700 residents, which range greatly in price from the more expensive estates up the hill to the more affordable homes closer to Bridge Road. A beautiful suburb which is relatively affluent for the area. Parks, reserves and views are aplenty.

Giving property investors a a poor capital gain of -8.13% for the last year, Gulfview Heights, 5096 is the 3441th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulfview Heights has increased when compared to the 5 year average annual rate.
Property buyers and investors in Gulfview Heights 5096 should be seeing an average reduction in asking price of around -9.40%. This means that Gulfview Heights is holding prices well when compared to other suburbs in SA.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

Gulfview Heights, 5096’s gross rental yield is 5.09%Full summary
Gulfview Heights is located in the North to North-Eastern suburbs of Adelaide between McIntyre Road and the Golden Way. There are approximately 1440 properties in the suburb, housing roughly 3700 residents, which range greatly in price from the more expensive estates up the hill to the more affordable homes closer to Bridge Road. A beautiful suburb which is relatively affluent for the area. Parks, reserves and views are aplenty.
 
Giving property investors a a poor capital gain of -8.13% for the last year, Gulfview Heights, 5096 is the 3441th highest performer in Australia in this respect.
 
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gulfview Heights has increased when compared to the 5 year average annual rate.
Property buyers and investors in Gulfview Heights 5096 should be seeing an average reduction in asking price of around -9.40%. This means that Gulfview Heights is holding prices well when compared to other suburbs in SA.
 
On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.
 
Gulfview Heights, 5096’s gross rental yield is 5.09%
 
Selling points: 
Gulfview Heights provides great lifestyle options and its large block sizes make it appealing to families. Possessing plenty of parks, natural reserves and playgrounds there is a real community feel to the suburb and people can often be seen exercising in the area. Situated on a hill there are great views of the Gulf and its location alongside similarly affluent suburbs such as Wynn Vale and Golden Grove make it a highly attractive place to live.
 
Most sought-after properties: 
The most sought after properties are the more expensive, large homes situated in the estate off of Bayview Parade in what is locally known as, the Lake Estate. There are some superb premium properties and views in this area, which make this portion of Gulfview Heights a real destination estate for affluent families in the area.
 
Most common properties:  
Being a suburb with such a varied property base make it difficult to define the most common property type. However the most common would be the family orientated 4 bedroom 2 bathroom properties on good size blocks built around the 1980's to 1990's.
 
Top amenities: 
Gulfview Heights Primary School is a well regarded school and is the only school in the suburb. There are no shops or other amenities in Gulfview Heights, however, it is close to numerous neighbouring amenities such as multiple private and public schools, medical facilities, sporting clubs and Golden Grove shopping centre and Para Hills Shops.
 
Local industry and business:
There are numerous retail precints in neighbouring suburbs such as Salisbury, Tea Tree Gully and Elizabeth which employ a lot of the local residents. Many of the residents also work in the Adelaide CBD across a range of industries.
 
Recent changes: 
The suburb of Gulfview Heights was only recently formed in 2001 in areas that were previously labelled Salisbury East and Para Hills. The Gulfview Heights Primary School was formerly known as Salisbury South-East Primary School.
 
Best streets: 
If by best streets you are after the most affluent streets in Gulfview Heights than any of the streets off of Bayview Parade in the higher up eastern sections of the suburb are where you would look. This is definitely the blue chip highly sought after section of Gulfview Heights but accordingly you will find that the prices will be higher here than in other parts of the suburb.
 
Public transport: 
There is a public bus service which runs through and around the suburb. Linking the suburb to Tea Tree Plaza and Golden Grove Interchanges as well as the Salisbury Bus/train interchange.
 
Main arteries: 
Wynn Vale Drive is the major artery road while Bayview Parade and Kiekebusch Road are the larger secondary arteries for the suburb.
Close
HOUSE UNIT
$497,500 N/A
17.06% N/A
29.73% N/A
5.78% N/A
$350 N/A
58 N/A
3.66% N/A
81.96 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Gulfview Heights SA
Demographics
Total population 3703
Median household income ($/weekly) 1584
Median age of persons 37
Median housing loan repayment ($/monthly) 1662
Average household size 3
  • Census Count Percent(%)
    5-14 years 520 14.0
    25-34 years 379 10.2
    35-44 years 550 14.8
    45-54 years 634 17.1
    55-64 years 490 13.2
    Others 1131 30.5
    Age Group
    Census Count Percent(%)
    Registered Married 1653 59.6
    Not Married 915 33.0
    Defacto Relationship 205 7.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2676 75.1
    Hong Kong 48 1.3
    Japan 89 2.5
    United Kingdom 392 11.0
    Other 71 2.0
    Others 287 8.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 51 1.5
    Christianity 2454 72.4
    Islam 27 0.8
    Other Religious Groups 24 0.7
    No Religion 831 24.5
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 108 10.1
    $1,250-$1,499 109 10.2
    $1,500-$1,999 180 16.8
    $2,000-$2,499 147 13.7
    $2,500-$2,999 83 7.7
    Others 444 41.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1246 43.9
    Not in the labour force 724 25.5
    Employed, worked part-time 673 23.7
    Employed, away from work 102 3.6
    Unemployed, looking for work 91 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 240 11.9
    Professionals 297 14.7
    Technicians & trades workers 344 17.0
    Clerical & administrative workers 373 18.5
    Sales 251 12.4
    Others 513 25.4
    Occupation
    Census Count Percent(%)
    Pre-school 50 5.1
    Infants/Primary 372 38.2
    Secondary 297 30.5
    Technical or Further Educational Institution 87 8.9
    University or other Tertiary Institutions 146 15.0
    Others 23 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3497 98.2
    Flat, unit or apartment 59 1.7
    Semi-detached, row or terrace house, townhouse 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 617 52.7
    Fully owned 441 37.7
    Rented 112 9.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals