Suburb Profile Report for Redwood Park SA (5097)

Redwood Park House: Median price $380,000, Annual capital growth 4.60%, Number of sales 91, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report

Investment property in Redwood Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.70%

While Redwood Park,5097 ranked number 133th in SA for increase in median house value (annualised) increase, it is ranked 120th over the last 5 years.

Vendor discounting in Redwood Park is giving property investors an average Vendor Discount of around -4.05%. This puts suburb at number 362th in SA when ranking the most discounted suburbs.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.60%, investors should hope to achieve an overall return of 4.65%

Metrics i HOUSE UNIT
$380,000 N/A
2.70% N/A
2.70% N/A
4.60% N/A
$340 N/A
91 N/A
4.65% N/A
48.16 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 5367
Median household income ($/weekly) 1367
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 700 13.0
    25-34 years 702 13.1
    35-44 years 818 15.2
    45-54 years 782 14.6
    55-64 years 789 14.7
    Others 1576 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 2340 56.6
    Not Married 1365 33.0
    Defacto Relationship 426 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4190 80.1
    Greece 49 0.9
    Japan 42 0.8
    United Kingdom 589 11.3
    Other 101 1.9
    Others 257 4.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.6
    Christianity 3281 66.4
    Islam 10 0.2
    Other Religious Groups 26 0.5
    No Religion 1585 32.1
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 178 9.9
    $1,000-$1,249 193 10.8
    $1,250-$1,499 188 10.5
    $1,500-$1,999 309 17.2
    $2,000-$2,499 213 11.9
    Others 713 39.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1802 42.5
    Not in the labour force 1164 27.4
    Employed, worked part-time 968 22.8
    Employed, away from work 172 4.1
    Unemployed, looking for work 137 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 492 16.7
    Technicians & trades workers 520 17.7
    Community & personal service workers 309 10.5
    Clerical & administrative workers 544 18.5
    Sales 339 11.5
    Others 735 25.0
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.7
    Infants/Primary 515 39.3
    Secondary 360 27.5
    Technical or Further Educational Institution 143 10.9
    University or other Tertiary Institutions 189 14.4
    Others 28 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5157 98.6
    Semi-detached, row or terrace house, townhouse 68 1.3
    Flat, unit or apartment 3 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 1011 52.0
    Fully owned 693 35.6
    Rented 235 12.1
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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