Suburb Profile Report for Solomontown SA (5540)

Solomontown House: Median price $111,250, Annual capital growth 3.59%, Number of sales 22, Weekly median advertised rent $203

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

Source: CoreLogic

  • House Report

Property value increases in Solomontown have tracked lower than the SA average of 3.22% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Solomontown comes in at number 452th in SA.

Property buyers and investors in Solomontown 5540 should be seeing an average reduction in asking price of around -10.71% . This means that Solomontown is holding prices well when compared to other suburbs in SA.

A $202.5 per week rent on the median house gives suburb investors a gross yield of circa 9.47%, without taking into account capital value appreciation, which has been averaging out at 3.59%.

Metrics i HOUSE UNIT
$111,250 N/A
-15.72% N/A
-35.13% N/A
3.59% N/A
$203 N/A
22 N/A
9.47% N/A
145.41 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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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