Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $352,500, Annual capital growth 4.10%, Number of sales 76, Weekly median advertised rent $330

Ridgehaven Unit: Median price $258,000, Annual capital growth 3.08%, Number of sales 13, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

Ridgehaven, 5097 ranked 187th in SA when comparing growth in median property values or capital gain over the last 12 months. Ridgehaven is one of 853 in our list for SA

While Ridgehaven,5097 ranked number 56th in SA for increase in median house value (annualised) increase, it is ranked 190th over the last 5 years.

Property investors looking for a bargain in Ridgehaven should be aiming for at least -5.63% off the asking price, which is the average vendor discount being achieved at the moment.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.87%, without taking into account capital value appreciation, which has been averaging out at 4.10%.

If you compare the increase in value of investment property in Ridgehaven, 5097 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.38%.

Ridgehaven,5097 was ranked 924 in Australia by increase in median property value over the quarter.

Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -8.86% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.

The SA suburb of Ridgehaven, 5097 is in the Tea Tree Gully local government area.

Metrics i HOUSE UNIT
$352,500 $258,000
7.14% 0.58%
5.22% 2.38%
4.10% 3.08%
$330 $280
76 13
4.87% 5.64%
49.77 137.61

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Ridgehaven SA
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
Chart Table
Recent sales & rentals