Suburb Profile Report for Solomontown SA (5540)

Solomontown House: Median price $136,000, Annual capital growth 7.01%, Number of sales 24, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report

Solomontown, 5540 ranked 238th in SA when comparing growth in median property values or capital gain over the last 12 months. Solomontown is one of 853 in our list for SA

Across a shorter period, Solomontown, 5540 has seen a median price increase of -9.03% 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 -6.56% offered to property buyers. Sellers in Solomontown itself are offering an average vendor discount of -10.59% to real estate investors.

Often selling an investment property can take time, and in Solomontown the average time real estate has been on the market is 148.5 days.

Solomontown is 6th on a list of best yielding suburbs for rents in SA with a 8.03% return

Metrics i HOUSE UNIT
$136,000 N/A
-9.03% N/A
3.03% N/A
7.01% N/A
$210 N/A
24 N/A
8.03% N/A
148.5 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1064
Median household income ($/weekly) 619
Median age of persons 40
Median housing loan repayment ($/monthly) 810
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 134 12.6
    25-34 years 111 10.4
    35-44 years 133 12.5
    45-54 years 137 12.9
    65-74 years 118 11.1
    Others 431 40.5
    Age Group
    Census Count Percent(%)
    Not Married 384 49.5
    Registered Married 275 35.5
    Defacto Relationship 116 15.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 927 90.6
    Greece 6 0.6
    Japan 30 2.9
    United Kingdom 33 3.2
    Other 9 0.9
    Others 18 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 552 59.9
    No Religion 357 38.7
    Buddhism 7 0.8
    Other Religious Groups 6 0.7
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 69 16.5
    $400-$599 81 19.4
    $600-$799 68 16.3
    $800-$999 37 8.9
    $1,000-$1,249 30 7.2
    Others 132 31.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 431 52.0
    Employed, worked full-time 188 22.7
    Employed, worked part-time 144 17.4
    Unemployed, looking for work 42 5.1
    Employed, away from work 24 2.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 59 16.6
    Community & personal service workers 39 11.0
    Clerical & administrative workers 41 11.5
    Machinery operators & drivers 60 16.9
    Labourers 55 15.4
    Others 102 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 10 5.0
    Infants/Primary 82 41.2
    Secondary 71 35.7
    Technical or Further Educational Institution 18 9.0
    Other type of educational institution 12 6.0
    Others 6 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 916 92.7
    Flat, unit or apartment 30 3.0
    Caravan, cabin, houseboat 20 2.0
    Semi-detached, row or terrace house, townhouse 11 1.1
    House or flat attached to a shop, office 11 1.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 155 34.9
    Rented 151 34.0
    Being purchased 138 31.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals