Suburb Profile Report for O'sullivan Beach SA (5166)

O'sullivan Beach House: Median price $295,000, Annual capital growth 4.69%, Number of sales 48, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Expert Report

Over the last year, property investments in O'sullivan Beach, 5166 have given investors a capital gain of 6.88%. This compares favourably with the 3.24% for SA as a whole.

While O'sullivan Beach,5166 ranked number 52th in SA for increase in median house value (annualised) increase, it is ranked 237th over the last 5 years.

Property buyers and investors in O'sullivan Beach 5166 should be seeing an average reduction in asking price of around -5.55% . This means that O'sullivan Beach is holding prices well when compared to other suburbs in SA.

YIP MAG Information supplied by:

YIP MAG
December 2015

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Yes, you read that right. A house for less than $300,000 by┬áthe beach. It does exist.Full summary Yes, you read that right. A house for less than $300,000 by the beach. It does exist. And it’s in one of Adelaide’s coastal suburbs.

Located next door to its more popular neighbour, Christies Beach, O’Sullivan Beach has many attractive features that are currently overlooked.

“Just like Christies Beach, it offers large blocks of land with old houses sitting on them. These are a great opportunity for development,” says Peter Koulizos, property professor and author.

"Because it’s relatively hilly, you can get sea views from many parts of this suburb.”

Long considered a poor cousin of Christies Beach, very little development has occurred during the past 40 years.

This makes the area ripe for gentrification, which is already slowly occurring.

The local parks and recreation facilities have been well maintained and upgraded in recent times, and renovations by the residents have started to transform the suburb – in particular the western side of Galloway Road where most of the regeneration is happening.

As the Christies Beach price tag keeps rising, developers are increasingly looking at O’Sullivan Beach for opportunities.

The most expensive properties are located along Sunset Court, John Terrace and Hill Street.

On the other side of the scale, the cheapest houses are located on Galloway Road, Pearce Street and John Terrace.Close
Metrics i HOUSE UNIT
$295,000 N/A
6.59% N/A
6.88% N/A
4.69% N/A
$300 N/A
48 N/A
5.29% N/A
55.15 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1934
Median household income ($/weekly) 824
Median age of persons 40
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 219 11.3
    25-34 years 269 13.9
    35-44 years 242 12.5
    45-54 years 251 13.0
    55-64 years 282 14.6
    Others 672 34.7
    Age Group
    Census Count Percent(%)
    Not Married 644 44.2
    Registered Married 616 42.3
    Defacto Relationship 197 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1441 78.2
    Greece 21 1.1
    Papua New Guinea 27 1.5
    United Kingdom 234 12.7
    Other 22 1.2
    Others 98 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 0.9
    Christianity 879 52.3
    Hinduism 6 0.4
    Other Religious Groups 11 0.7
    No Religion 765 45.5
    Others 6 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 116 16.1
    $600-$799 115 16.0
    $800-$999 98 13.6
    $1,000-$1,249 76 10.6
    $1,500-$1,999 69 9.6
    Others 245 34.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 641 42.5
    Employed, worked full-time 454 30.1
    Employed, worked part-time 274 18.1
    Unemployed, looking for work 75 5.0
    Employed, away from work 66 4.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 142 17.8
    Community & personal service workers 91 11.4
    Clerical & administrative workers 100 12.6
    Sales 98 12.3
    Labourers 151 19.0
    Others 214 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 27 7.1
    Infants/Primary 159 42.1
    Secondary 101 26.7
    Technical or Further Educational Institution 41 10.8
    University or other Tertiary Institutions 35 9.3
    Others 15 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1729 94.4
    Flat, unit or apartment 78 4.3
    Semi-detached, row or terrace house, townhouse 25 1.4
    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 285 36.6
    Rented 251 32.3
    Fully owned 237 30.5
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals