Suburb Profile Report for Quorn SA (5433)

Quorn House: Median price $157,500, Annual capital growth 7.36%, Number of sales 16, Weekly median advertised rent $220

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

Source: CoreLogic

  • Expert Report
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May 2017

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As a tourist spot in the Flinders Ranges, the historic suburb of Quorn has picked itself up in the past year. House prices shot up by a staggering 26% during this period, and this positive growth remained throughout the February 2017 quarter.Full summary

History hub offers low-cost housing
Median house price: $145,000
Three-year growth: -6.45%
Rental yield: 8.25%

As a tourist spot in the Flinders Ranges, the historic suburb of Quorn has picked itself up in the past year. House prices shot up by a staggering 26% during this period, and this positive growth remained throughout the February 2017 quarter.

Located in the northern region of South Australia, Quorn is far from city life, but it has supported its economy by focusing on its tourism industry. The most popular destination is the Pichi Pichi Railway, though the town is also filled with classic buildings. Visitors and residents alike have their pick of restaurants, cafes and bistros, which have become necessary with the abundance of Adelaide tourists passing by on their way to the Ranges. The suburb has even been used as a setting for movies.

Investors can certainly try their hand here, as the average rental return is a whopping 8.25%.

Close
Metrics i HOUSE UNIT
$157,500 N/A
16.67% N/A
N/A N/A
7.36% N/A
$220 N/A
16 N/A
7.26% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 1206
Median household income ($/weekly) 881
Median age of persons 44
Median housing loan repayment ($/monthly) 1000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 180 14.9
    35-44 years 151 12.5
    45-54 years 171 14.2
    55-64 years 191 15.8
    65-74 years 138 11.4
    Others 375 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 420 49.9
    Not Married 320 38.0
    Defacto Relationship 102 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1071 93.7
    China 3 0.3
    Greece 8 0.7
    United Kingdom 39 3.4
    Other 7 0.6
    Others 15 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 706 65.7
    No Religion 351 32.7
    Buddhism 8 0.7
    Islam 7 0.7
    Other Religious Groups 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 45 11.0
    $400-$599 62 15.1
    $600-$799 52 12.7
    $1,000-$1,249 45 11.0
    $1,500-$1,999 45 11.0
    Others 161 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 378 41.6
    Employed, worked full-time 308 33.9
    Employed, worked part-time 143 15.7
    Employed, away from work 49 5.4
    Unemployed, looking for work 31 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 63 12.6
    Professionals 79 15.8
    Technicians & trades workers 95 19.0
    Community & personal service workers 70 14.0
    Labourers 59 11.8
    Others 133 26.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 126 49.4
    Secondary 77 30.2
    Technical or Further Educational Institution 24 9.4
    Pre-school 19 7.5
    University or other Tertiary Institutions 9 3.5
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1047 95.5
    Flat, unit or apartment 26 2.4
    Semi-detached, row or terrace house, townhouse 16 1.5
    Caravan, cabin, houseboat 7 0.6
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 192 41.0
    Fully owned 182 38.9
    Rented 94 20.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals