Suburb Profile Report for Risdon Park SA (5540)

Risdon Park House: Median price $175,000, Annual capital growth 2.00%, Number of sales 41, Weekly median advertised rent $230

Risdon Park Unit: Median price $107,000, Annual capital growth 3.25%, Number of sales 15, Weekly median advertised rent $168

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Risdon Park, 5540 have given investors a capital gain of -16.67%. This compares very badly with the 2.92% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Risdon Park comes in at number 446th in SA.

Risdon Park5540 is located in SA which offers an average discount of -6.56% to property investors. Risdon Park itself is showing figures that indicate -10.12% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Risdon Park being $175000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 6.83%

SA has seen average median house prices change by 3.64% which means that Risdon Park, 5540 has done well for property investors by showing a capital gain of -8.94% over the last year

Over the longer term, Risdon Park has seen property prices show investors a 8.08% return over the last 3 years. This is worse than over the last 12 months

On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.

HOUSE UNIT
$175,000 $107,000
-6.17% -6.96%
-16.67% -8.94%
2.00% 3.25%
$230 $168
41 15
6.83% 8.14%
126 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4026
Median household income ($/weekly) 716
Median age of persons 40
Median housing loan repayment ($/monthly) 1083
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 603 15.0
    25-34 years 397 9.9
    35-44 years 504 12.5
    45-54 years 522 13.0
    55-64 years 474 11.8
    Others 1525 37.9
    Age Group
    Census Count Percent(%)
    Registered Married 1311 46.3
    Not Married 1243 43.9
    Defacto Relationship 279 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3571 92.9
    Japan 27 0.7
    Philippines 17 0.4
    United Kingdom 121 3.1
    Other 31 0.8
    Others 77 2.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.2
    Christianity 2596 70.0
    Hinduism 6 0.2
    Islam 8 0.2
    No Religion 1084 29.2
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 223 15.3
    $400-$599 266 18.2
    $600-$799 181 12.4
    $800-$999 129 8.8
    $1,500-$1,999 138 9.4
    Others 524 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1440 47.3
    Employed, worked full-time 871 28.6
    Employed, worked part-time 511 16.8
    Unemployed, looking for work 131 4.3
    Employed, away from work 94 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 200 13.5
    Technicians & trades workers 249 16.8
    Community & personal service workers 176 11.9
    Clerical & administrative workers 189 12.8
    Labourers 187 12.6
    Others 479 32.4
    Occupation
    Census Count Percent(%)
    Pre-school 52 6.2
    Infants/Primary 436 51.7
    Secondary 250 29.6
    Technical or Further Educational Institution 54 6.4
    University or other Tertiary Institutions 35 4.1
    Others 17 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2989 80.1
    Semi-detached, row or terrace house, townhouse 588 15.8
    Flat, unit or apartment 155 4.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 584 36.9
    Fully owned 529 33.5
    Being purchased 464 29.3
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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