Suburb Profile Report for Redwood Park SA (5097)

Redwood Park House: Median price $375,000, Annual capital growth 4.38%, Number of sales 91, Weekly median advertised rent $343

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

Source: CoreLogic

  • House Report

Property value increases in Redwood Park have tracked close to the SA average of 3.04% over the last 12 months.

Redwood Park,5097 was ranked 1924 in Australia by increase in median property value over the quarter.

Property buyers and investors in Redwood Park 5097 should be seeing an average reduction in asking price of around -4.12% . This means that Redwood Park is holding prices well when compared to other suburbs in SA.

Often selling an investment property can take time, and in Redwood Park the average time real estate has been on the market is 49.76 days.

A $342.5 per week rent on the median house gives suburb investors a gross yield of circa 4.75%, without taking into account capital value appreciation, which has been averaging out at 4.38%.

Metrics i HOUSE UNIT
$375,000 N/A
1.35% N/A
1.35% N/A
4.38% N/A
$343 N/A
91 N/A
4.75% N/A
49.76 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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