Suburb Profile Report for Renmark SA (5341)

Renmark House: Median price $184,000, Annual capital growth 2.03%, Number of sales 87, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report

Giving property investors a a poor capital gain of -12.38% for the last year, Renmark, 5341 is the 3894th highest performer in Australia in this respect.

Across a shorter period, Renmark, 5341 has seen a median price increase of -3.16% over the last quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Renmark itself are offering an average vendor discount of -5.56% to real estate investors.

A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.22%, without taking into account capital value appreciation, which has been averaging out at 2.03%.

HOUSE UNIT
$184,000 N/A
-3.16% N/A
-12.38% N/A
2.03% N/A
$220 N/A
87 N/A
6.22% N/A
91.66 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Renmark SA
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
Chart Table
Recent sales & rentals