Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $332,000, Annual capital growth 3.97%, Number of sales 78, Weekly median advertised rent $330

Ridgehaven Unit: Median price $239,000, Annual capital growth 2.97%, Number of sales 15, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Ridgehaven, 5097 have given investors a capital gain of -7.13%. This compares very badly with the 3.22% for SA as a whole.

The five-year average increase in median property values for Ridgehaven,5097 has given property investors a potential capital gain of 8.85% across each of those five years.

The most recent median price for Ridgehaven is $332000, with sellers offering an average of -4.55% off the asking price.

With the median price for a house in Ridgehaven being $332000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.17%

Property value increases in Ridgehaven have tracked lower than the SA average of 4.44% over the last 12 months.

Vendor discounting in Ridgehaven is giving property investors an average Vendor Discount of around -6.67%. This puts suburb at number 54th in SA when ranking the most discounted suburbs.

Residents and property investors in Ridgehaven have been waiting around 79.86 days to sell a property.

Property investors should expect to get $275 weekly from the median priced house in this suburb.

HOUSE UNIT
$332,000 $239,000
-0.90% N/A
-7.13% -9.81%
3.97% 2.97%
$330 $275
78 15
5.17% 5.98%
55.25 79.86

Source: CoreLogic

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