Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $340,000, Annual capital growth 3.97%, Number of sales 79, Weekly median advertised rent $330

Ridgehaven Unit: Median price $238,000, Annual capital growth 3.08%, Number of sales 18, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 3431th in the list of Australian suburbs ordered by increase in median house value over the last year, Ridgehaven, 5097 is in the BOTTOM 20% with a property value increase of -4.83% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Ridgehaven,5097 has racked up an average of -4.83% over the period. This ranks it number 3145th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Ridgehaven is giving property investors an average Vendor Discount of around -4.76%. This puts suburb at number 310th in SA when ranking the most discounted suburbs.

Residents and property investors in Ridgehaven have been waiting around 51.14 days to sell a property.

Ridgehaven is 103th on a list of best yielding suburbs for rents in SA with a 5.05% return

Property value increases in Ridgehaven have tracked lower than the SA average of 4.27% over the last 12 months.

Ridgehaven,5097 has offered an average of -8.64% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -6.15% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.

With the median price for a house in Ridgehaven being $238000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 6.01%

HOUSE UNIT
$340,000 $238,000
0.00% -5.56%
-4.83% -8.64%
3.97% 3.08%
$330 $275
79 18
5.05% 6.01%
51.14 76.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3880
Median household income ($/weekly) 964
Median age of persons 42
Median housing loan repayment ($/monthly) 1430
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 501 12.9
    35-44 years 519 13.4
    45-54 years 419 10.8
    55-64 years 456 11.7
    65-74 years 431 11.1
    Others 1555 40.1
    Age Group
    Census Count Percent(%)
    Registered Married 1451 49.5
    Not Married 1215 41.4
    Defacto Relationship 267 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2825 76.0
    Greece 50 1.3
    Japan 39 1.0
    United Kingdom 449 12.1
    Other 108 2.9
    Others 245 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.6
    Christianity 2323 66.9
    Islam 19 0.5
    Other Religious Groups 39 1.1
    No Religion 1051 30.3
    Others 19 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 154 10.4
    $400-$599 220 14.8
    $600-$799 175 11.8
    $800-$999 159 10.7
    $1,500-$1,999 181 12.2
    Others 598 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1279 41.7
    Employed, worked full-time 1050 34.2
    Employed, worked part-time 539 17.6
    Employed, away from work 108 3.5
    Unemployed, looking for work 94 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 274 16.1
    Technicians & trades workers 300 17.7
    Community & personal service workers 171 10.1
    Clerical & administrative workers 291 17.1
    Labourers 173 10.2
    Others 490 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.2
    Infants/Primary 315 41.5
    Secondary 162 21.3
    Technical or Further Educational Institution 84 11.1
    University or other Tertiary Institutions 123 16.2
    Others 28 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3044 83.9
    Flat, unit or apartment 500 13.8
    Semi-detached, row or terrace house, townhouse 83 2.3
    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 614 39.4
    Fully owned 546 35.0
    Rented 334 21.4
    Other tenure type 65 4.2
    Tenure Type
Census 2011, ABS
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