Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $329,000, Annual capital growth 3.66%, Number of sales 81, Weekly median advertised rent $323

Ridgehaven Unit: Median price $252,000, Annual capital growth 3.16%, Number of sales 16, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -8.36% for the last 12 months, Ridgehaven, 5097 has performed for property investments than its average annual 3.66% property growth over the last 5 years.

Over the longer term, Ridgehaven has seen property prices show investors a -0.60% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -5.01% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.

Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of 3.66%, investors should hope to achieve an overall return of 5.10%

SA has seen average median house prices change by 3.03% which means that Ridgehaven, 5097 has done well for property investors by showing a capital gain of -3.26% over the last year

Ridgehaven,5097 has offered an average of -3.26% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Ridgehaven is offering property investors an average of -6.44. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in SA

At number 678 in a list of fastest selling suburbs, Ridgehaven is just in the top half of suburbs in Australia with an average of days on market 74.84 for properties listed there.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.16%, investors should hope to achieve an overall return of 5.57%

HOUSE UNIT
$329,000 $252,000
-2.52% 5.88%
-8.36% -3.26%
3.66% 3.16%
$323 $270
81 16
5.10% 5.57%
54.75 74.84

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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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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