Suburb Profile Report for Point Turton SA (5575)

Point Turton House: Median price $304,250, Annual capital growth -2.29%, Number of sales 15, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a a poor capital gain of -8.50% for the last year, Point Turton, 5575 is the 3718th highest performer in Australia in this respect.

While Point Turton,5575 ranked number 407th in SA for increase in median house value (annualised) increase, it is ranked 414th over the last 5 years.

The SA suburb of Point Turton, 5575 is in the Yorke Peninsula local government area.

Information supplied by:




M
O

W
E
Point Turton is situated on in the south-west of the Yorke Peninsula, overlooking Hardwicke Bay, and is around a two-and-a-half hour drive from Adelaide.Full summary

Point Turton is situated on in the south-west of the Yorke Peninsula, overlooking Hardwicke Bay, and is around a two-and-a-half hour drive from Adelaide.

The town is a popular holiday destination, and popular for its beaches, watersports facilities and fishing opportunities. Indeed, the area also has a small salmon and prawn fishing industry in addition to leisure fishing. Amenity-wise, the town has the basics that you’d require, albeit little more – the town’s first tavern only opened in 2008 – and the facilities of Yorketown are just a 30 minute drive away.

The permanent population of the town is tiny, albeit growing: in 2001, it was just 183, while in 2006 it had soared to 205, and is estimated to be around 300 by the South Australian government at present. However, the population   can swell to as much as 3,000 people during peak season – and therein lies the secret to its success. Much of Point Turton's growth is down to the purchase of holiday homes by investors and weekenders.

“The original beach shacks in Point Turton were originally leasehold shacks,” explains Peter Koulizos, lecturer and author of Top Australian Suburbs. “The South Australian government sold the freehold some years ago, which increased the values of the shacks. However, it was the property boom which kicked in around the year 2000, which resulted in the incredible value growth over the last decade.”

However, Point Turton was hit hard by the GFC, with values falling by over $10,000 from their September 2008 peak. Prices have still not fully recovered, and despite efforts to develop the town further – 102 new blocks were recently released for development -  Koulizos reckons that Point Turton's best days are behind it.

“While towns like this do well when the economy does well, I don't think you'll be able to make as much money here as in the last few years,” he comments. “I think Point Turton's had its good time, unfortunately.”

Close
HOUSE UNIT
$304,250 N/A
-8.98% N/A
-8.50% N/A
-2.29% N/A
N/A N/A
15 N/A
N/A N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Point Turton SA
Demographics
Total population 246
Median household income ($/weekly) 733
Median age of persons 57
Median housing loan repayment ($/monthly) 2123
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 18 7.3
    45-54 years 29 11.8
    55-64 years 62 25.2
    65-74 years 57 23.2
    75-84 years 25 10.2
    Others 55 22.4
    Age Group
    Census Count Percent(%)
    Registered Married 129 65.8
    Not Married 54 27.6
    Defacto Relationship 13 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 224 92.6
    United Kingdom 9 3.7
    Other 6 2.5
    Greece 3 1.2
    Bosnia and Herzegovina 0 0.0
    Others 0 0.0
    Country of Birth
    Census Count Percent(%)
    Christianity 162 72.6
    No Religion 61 27.4
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 12 11.9
    $400-$599 21 20.8
    $600-$799 14 13.9
    $800-$999 16 15.8
    $1,000-$1,249 10 9.9
    Others 28 27.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 131 58.7
    Employed, worked full-time 43 19.3
    Employed, worked part-time 41 18.4
    Employed, away from work 8 3.6
    Unemployed, looking for work 0 0.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 17 19.1
    Professionals 12 13.5
    Community & personal service workers 9 10.1
    Clerical & administrative workers 13 14.6
    Labourers 18 20.2
    Others 20 22.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 13 48.1
    Secondary 8 29.6
    Pre-school 3 11.1
    Technical or Further Educational Institution 3 11.1
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 229 98.7
    Caravan, cabin, houseboat 3 1.3
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 70 65.4
    Being purchased 23 21.5
    Rented 14 13.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals