Suburb Profile Report for Willaston SA (5118)

Willaston House: Median price $300,000, Annual capital growth 3.37%, Number of sales 90, Weekly median advertised rent $310

Willaston Unit: Median price $199,999, Annual capital growth 1.65%, Number of sales 12, Weekly median advertised rent $243

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

Source: CoreLogic

  • House Report
  • Unit Report

Willaston is an average performer in SA when comparing median price capital growth over the last year. Willaston gave property investors a average capital gain figure when compared to the rest of the state, with 1.69%.

While Willaston,5118 ranked number 130th in SA for increase in median house value (annualised) increase, it is ranked 312th over the last 5 years.

Property investors looking for a bargain in Willaston should be aiming for at least -5.30% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Willaston the average time real estate has been on the market is 85.86 days.

Property investors who have had real estate in Willaston, 5118 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.76%

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Willaston, 5118. Typically our figures indicate that -8.44% is being offered, which puts this SA suburb at 133th most discounted overall in Australia.

In the last year 12 properties changed hands in Willaston, which puts it as the 178th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $242.5 and the average annual increase in value of a median property of 1.65%, investors should hope to achieve an overall return of 6.31%

Metrics i HOUSE UNIT
$300,000 $199,999
2.74% N/A
1.69% -4.76%
3.37% 1.65%
$310 $243
90 12
5.37% 6.31%
85.86 121.33

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 3294
Median household income ($/weekly) 990
Median age of persons 39
Median housing loan repayment ($/monthly) 1361
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 405 12.3
    25-34 years 463 14.1
    35-44 years 425 12.9
    45-54 years 453 13.8
    55-64 years 418 12.7
    Others 1130 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1146 46.9
    Not Married 995 40.7
    Defacto Relationship 305 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2635 83.7
    Greece 20 0.6
    New Zealand 17 0.5
    United Kingdom 376 11.9
    Other 22 0.7
    Others 77 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1874 64.1
    No Religion 1016 34.7
    Other Religious Groups 20 0.7
    Buddhism 12 0.4
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 153 12.4
    $600-$799 158 12.8
    $800-$999 138 11.1
    $1,000-$1,249 136 11.0
    $1,500-$1,999 174 14.1
    Others 479 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1010 39.5
    Not in the labour force 888 34.7
    Employed, worked part-time 490 19.2
    Employed, away from work 91 3.6
    Unemployed, looking for work 79 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 237 14.9
    Technicians & trades workers 277 17.4
    Community & personal service workers 173 10.9
    Clerical & administrative workers 208 13.1
    Labourers 213 13.4
    Others 483 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.3
    Infants/Primary 301 44.0
    Secondary 167 24.4
    Technical or Further Educational Institution 79 11.5
    University or other Tertiary Institutions 72 10.5
    Others 22 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2774 89.3
    Flat, unit or apartment 209 6.7
    Semi-detached, row or terrace house, townhouse 122 3.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 589 43.9
    Fully owned 387 28.9
    Rented 352 26.2
    Other tenure type 13 1.0
    Tenure Type
Census 2011, ABS
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