Suburb Profile Report for Willaston SA (5118)

Willaston House: Median price $301,250, Annual capital growth 2.94%, Number of sales 88, Weekly median advertised rent $315

Willaston Unit: Median price $205,000, Annual capital growth 1.84%, Number of sales 12, Weekly median advertised rent $258

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Willaston, 5118 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.12%.

A 2.12% growth in median value for property investors in Willaston,5118 puts this suburb at number 245th in terms of best performing suburbs in SA

Property investors looking for a bargain in Willaston should be aiming for at least -5.07% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Willaston being $301250 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 5.44%

Willaston is in the bottom 40% in SA when comparing median price capital growth over the last year. Willaston gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.68%.

The five-year average increase in median property values for Willaston,5118 has given property investors a potential capital gain of -6.82% across each of those five years.

Property buyers and investors in Willaston 5118 should be seeing an average reduction in asking price of around -5.35% . This means that Willaston is holding prices well when compared to other suburbs in SA.

Advertised rents are around the $257.5 mark per week – giving a return of 6.53% based on the median price in Suburb

Metrics i HOUSE UNIT
$301,250 $205,000
0.42% 2.50%
2.12% -1.68%
2.94% 1.84%
$315 $258
88 12
5.44% 6.53%
92.11 106

Source: CoreLogic

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