Suburb Profile Report for Solomontown SA (5540)

Solomontown House: Median price $117,500, Annual capital growth 3.29%, Number of sales 22, Weekly median advertised rent $203

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Solomontown, 5540 have given investors a capital gain of -31.09%. This compares very badly with the 3.87% for SA as a whole.

Taking the average capital gain, or increase in median house value, Solomontown,5540 has racked up an average of -31.09% over the period. This ranks it number 3363th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Solomontown, 5540. Typically our figures indicate that -8.50% is being offered, which puts this SA suburb at 539th most discounted overall in Australia.

At number 3681 in a list of fastest selling suburbs, Solomontown is in the bottom 10% of suburbs in Australia with an average of days on market 155.08 for properties listed there.

With the median price for a house in Solomontown being $117500 and the advertised rent reaching $202.5 the gross rental yield for property investors calculates out to be 8.96%

Metrics i HOUSE UNIT
$117,500 N/A
5.62% N/A
-31.09% N/A
3.29% N/A
$203 N/A
22 N/A
8.96% N/A
155.08 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