Suburb Profile Report for Davoren Park SA (5113)

Davoren Park House: Median price $182,000, Annual capital growth 2.72%, Number of sales 97, Weekly median advertised rent $255

Davoren Park Unit: Median price $143,000, Annual capital growth 3.40%, Number of sales 30, Weekly median advertised rent $206

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Davoren Park, 5113 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.11%

A -7.38% growth in median value for property investors in Davoren Park,5113 puts this suburb at number 285th in terms of best performing suburbs in SA

Vendor discounting in Davoren Park is giving property investors an average Vendor Discount of around -8.58%. This puts suburb at number 57th in SA when ranking the most discounted suburbs.

Using the current median advertised rental of $255 and the average annual increase in value of a median property of 2.72%, investors should hope to achieve an overall return of 7.29%

Giving property investors a a stable capital gain of 5.93% for the last year, Davoren Park, 5113 is the 639th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Davoren Park has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Davoren Park should be aiming for at least -4.81% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $206 and the average annual increase in value of a median property of 3.40%, investors should hope to achieve an overall return of 7.49%

Metrics i HOUSE UNIT
$182,000 $143,000
-0.33% 5.54%
1.11% 5.93%
2.72% 3.40%
$255 $206
97 30
7.29% 7.49%
94.18 93.8

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 7000
Median household income ($/weekly) 688
Median age of persons 30
Median housing loan repayment ($/monthly) 1083
Average household size 2.5
  • Census Count Percent(%)
    0-4 years 666 9.5
    5-14 years 1048 15.0
    25-34 years 993 14.2
    35-44 years 812 11.6
    45-54 years 842 12.0
    Others 2639 37.7
    Age Group
    Census Count Percent(%)
    Not Married 2681 57.0
    Registered Married 1381 29.4
    Defacto Relationship 640 13.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5168 79.5
    Papua New Guinea 56 0.9
    Philippines 46 0.7
    United Kingdom 634 9.8
    Other 333 5.1
    Others 260 4.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.5
    Christianity 3078 51.6
    Islam 79 1.3
    Other Religious Groups 46 0.8
    No Religion 2663 44.6
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 293 13.0
    $400-$599 408 18.1
    $600-$799 382 16.9
    $800-$999 279 12.4
    $1,000-$1,249 232 10.3
    Others 660 29.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2656 54.4
    Employed, worked full-time 1096 22.4
    Employed, worked part-time 578 11.8
    Unemployed, looking for work 427 8.7
    Employed, away from work 129 2.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 252 14.0
    Community & personal service workers 212 11.8
    Sales 184 10.2
    Machinery operators & drivers 314 17.4
    Labourers 443 24.6
    Others 398 22.1
    Occupation
    Census Count Percent(%)
    Pre-school 116 7.5
    Infants/Primary 711 45.8
    Secondary 407 26.2
    Technical or Further Educational Institution 168 10.8
    University or other Tertiary Institutions 85 5.5
    Others 67 4.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5098 78.5
    Semi-detached, row or terrace house, townhouse 1358 20.9
    Flat, unit or apartment 42 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1298 53.0
    Being purchased 736 30.0
    Fully owned 407 16.6
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals