Suburb Profile Report for Aldinga Beach SA (5173)

Aldinga Beach House: Median price $342,000, Annual capital growth 4.46%, Number of sales 268, Weekly median advertised rent $310

Aldinga Beach Unit: Median price $262,000, Annual capital growth 4.53%, Number of sales 33, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Aldinga Beach have tracked close to the SA average of 2.79% over the last 12 months.

While Aldinga Beach,5173 ranked number 215th in SA for increase in median house value (annualised) increase, it is ranked 230th over the last 5 years.

Sellers are offering property buyers an average discount of -5.47% to buyers in Aldinga Beach at the moment, which is less than average for the rest of SA.

In the last year 268 properties changed hands in Aldinga Beach, which puts it as the 5th most active market in SA when comparing the number of sales per suburb.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.71%, without taking into account capital value appreciation, which has been averaging out at 4.46%.

If you compare the increase in value of investment property in Aldinga Beach, 5173 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 0.00%.

Taking the average capital gain, or increase in median house value, Aldinga Beach,5173 has racked up an average of 0.00% over the period. This ranks it number 1413th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Aldinga Beach is giving property investors an average Vendor Discount of around -3.75%. This puts suburb at number 140th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.

With the median price for a house in Aldinga Beach being $262000 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 5.26%

YIP MAG Information supplied by:

YIP MAG
May 2016

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Around 50km south of Adelaide, Aldinga Beach may be a prime spot for a beachside holiday but it’s unlikely to be attracting investors.Full summary Around 50km south of Adelaide, Aldinga Beach may be a prime spot for a beachside holiday but it’s unlikely to be attracting investors.

While a median house price of $335,000 may catch the eye of an investor on the lookout for an affordable purchase, it doesn’t appear that anybody buying into Aldinga Beach will be presented with significant capital growth any time soon.

The median house price has only picked up 5% in the past year and is only up 3% over the past five.

Aldinga Beach’s soft performance in recent years likely has something to do with its lack of amenities, as the suburb offers little in the way of education, public transport or healthcare.

For those landlords who have already bought in the area, there is some good news as the suburb is returning a rental yield of 5%.Close
HOUSE UNIT
$342,000 $262,000
0.59% 1.95%
3.64% 0.00%
4.46% 4.53%
$310 $265
268 33
4.71% 5.26%
72.25 85.21

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 9696
Median household income ($/weekly) 1018
Median age of persons 32
Median housing loan repayment ($/monthly) 1612
Average household size 2.6
  • Census Count Percent(%)
    0-4 years 950 9.8
    5-14 years 1486 15.3
    25-34 years 1488 15.3
    35-44 years 1420 14.6
    45-54 years 1146 11.8
    Others 3206 33.1
    Age Group
    Census Count Percent(%)
    Registered Married 2992 45.4
    Not Married 2465 37.4
    Defacto Relationship 1129 17.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7244 78.4
    Greece 75 0.8
    Papua New Guinea 121 1.3
    United Kingdom 1331 14.4
    Other 115 1.2
    Others 354 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 79 0.9
    Christianity 4526 53.7
    Hinduism 9 0.1
    Other Religious Groups 70 0.8
    No Religion 3727 44.3
    Others 11 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 423 13.3
    $600-$799 418 13.2
    $800-$999 337 10.6
    $1,000-$1,249 369 11.6
    $1,500-$1,999 447 14.1
    Others 1180 37.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2475 36.0
    Not in the labour force 2355 34.3
    Employed, worked part-time 1467 21.3
    Unemployed, looking for work 318 4.6
    Employed, away from work 259 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 531 12.7
    Technicians & trades workers 753 17.9
    Community & personal service workers 555 13.2
    Clerical & administrative workers 530 12.6
    Labourers 576 13.7
    Others 1252 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 188 8.0
    Infants/Primary 1116 47.8
    Secondary 543 23.2
    Technical or Further Educational Institution 224 9.6
    University or other Tertiary Institutions 204 8.7
    Others 62 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8619 95.0
    Semi-detached, row or terrace house, townhouse 377 4.2
    Flat, unit or apartment 41 0.5
    Caravan, cabin, houseboat 30 0.3
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1639 47.7
    Rented 1053 30.7
    Fully owned 708 20.6
    Other tenure type 35 1.0
    Tenure Type
Census 2011, ABS
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