Suburb Profile Report for Renmark SA (5341)

Renmark House: Median price $215,000, Annual capital growth 3.92%, Number of sales 89, Weekly median advertised rent $230

Renmark Unit: Median price $187,000, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $175

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 14.36% for the last 12 months, Renmark, 5341 has performed for property investments than its average annual 3.92% property growth over the last 5 years.

While Renmark,5341 ranked number 13th in SA for increase in median house value (annualised) increase, it is ranked 140th over the last 5 years.

Property investors looking for a bargain in Renmark should be aiming for at least -5.21% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Renmark being $215000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.56%

If we look at median property appreciation over just the last three months, Renmark has given property investors a paper return of 8.41%. This puts Suburb as 24 on a list of fastest fasting appreciating suburbs in SA

Renmark, 5341’s gross rental yield is 4.87%

Metrics i HOUSE UNIT
$215,000 $187,000
17.17% 8.41%
14.36% N/A
3.92% N/A
$230 $175
89 12
5.56% 4.87%
100.21 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4386
Median household income ($/weekly) 728
Median age of persons 40
Median housing loan repayment ($/monthly) 1040
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 532 12.1
    25-34 years 590 13.4
    35-44 years 489 11.1
    45-54 years 511 11.6
    55-64 years 516 11.8
    Others 1749 39.9
    Age Group
    Census Count Percent(%)
    Not Married 1454 46.7
    Registered Married 1351 43.4
    Defacto Relationship 311 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3307 82.1
    Hong Kong 90 2.2
    Indonesia 138 3.4
    United Kingdom 123 3.1
    Other 141 3.5
    Others 229 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.1
    Christianity 2330 61.2
    Islam 156 4.1
    Other Religious Groups 167 4.4
    No Religion 1090 28.6
    Others 23 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 236 14.6
    $400-$599 290 18.0
    $600-$799 226 14.0
    $800-$999 193 12.0
    $1,000-$1,249 154 9.6
    Others 513 31.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1458 44.9
    Employed, worked full-time 936 28.8
    Employed, worked part-time 590 18.2
    Unemployed, looking for work 140 4.3
    Employed, away from work 122 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 178 10.8
    Professionals 200 12.2
    Technicians & trades workers 182 11.1
    Community & personal service workers 174 10.6
    Labourers 433 26.3
    Others 479 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 50 6.3
    Infants/Primary 339 42.4
    Secondary 210 26.3
    Technical or Further Educational Institution 105 13.1
    University or other Tertiary Institutions 59 7.4
    Others 36 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3337 85.6
    Flat, unit or apartment 344 8.8
    Semi-detached, row or terrace house, townhouse 198 5.1
    Caravan, cabin, houseboat 12 0.3
    House or flat attached to a shop, office 9 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 753 43.6
    Fully owned 529 30.6
    Being purchased 428 24.8
    Other tenure type 17 1.0
    Tenure Type
Census 2011, ABS
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