Suburb Profile Report for Edithburgh SA (5583)

Edithburgh House: Median price $222,500, Annual capital growth 8.94%, Number of sales 19, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in Edithburgh, 5583 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -20.54%.

While Edithburgh,5583 ranked number 396th in SA for increase in median house value (annualised) increase, it is ranked 414th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Edithburgh is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 14th in terms of most discounted suburbs in SA

The SA suburb of Edithburgh, 5583 is in the Yorke Peninsula local government area.

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Edithburgh is another town which promises a ‘getting away from it all’ vibe, but has an industrial past: in the first half of the twentieth century, it used to be a major salt, gypsum and lime port. It's now better known for its leisure fishing, tidal swimming pool, the Wattle Point wind farm and the penguin colony on nearby Toubridge Island.Full summary

Edithburgh is another town which promises a ‘getting away from it all’ vibe, but has an industrial past: in the first half of the twentieth century, it used to be a major salt, gypsum and lime port. It's now better known for its leisure fishing, tidal swimming pool, the Wattle Point wind farm and the penguin colony on nearby Toubridge Island.

It's a popular retirement and sea change destination, rather than a holiday town. Around two-thirds of the population are over 50 – which has driven the majority of capital growth, especially in the years leading up to the GFC. Capital growth in 2006 and 2007 was well over 20% pa, according to RP Data. Also like Point Turton, capital growth has levelled off since the GFC, with median prices remaining level at around $290,000.

Even though prices have remained stable since the GFC – probably due to sea changers and retirees putting off the move to the coast - Peter Koulizos reckons that Edithburgh will continue to be a strong performer.

“Unlike the holiday home market, the sea changer market is slightly less prone to suffering from market shocks. I think it'll recover from its current lull and continue along a path of sustainable growth.”

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HOUSE UNIT
$222,500 N/A
-6.71% N/A
-20.54% N/A
8.94% N/A
$230 N/A
19 N/A
5.38% N/A
204.8 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 466
Median household income ($/weekly) 635
Median age of persons 59
Median housing loan repayment ($/monthly) 947
Average household size 2
  • Census Count Percent(%)
    5-14 years 43 9.2
    45-54 years 64 13.7
    55-64 years 113 24.2
    65-74 years 95 20.3
    75-84 years 52 11.1
    Others 100 21.4
    Age Group
    Census Count Percent(%)
    Registered Married 198 52.8
    Not Married 135 36.0
    Defacto Relationship 42 11.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 383 85.3
    Hong Kong 8 1.8
    Philippines 6 1.3
    United Kingdom 41 9.1
    Other 5 1.1
    Others 6 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 327 76.4
    No Religion 95 22.2
    Buddhism 3 0.7
    Islam 3 0.7
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 30 14.9
    $400-$599 48 23.8
    $600-$799 36 17.8
    $800-$999 26 12.9
    $1,000-$1,249 16 7.9
    Others 46 22.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 254 62.9
    Employed, worked full-time 71 17.6
    Employed, worked part-time 52 12.9
    Employed, away from work 16 4.0
    Unemployed, looking for work 11 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 24 17.3
    Professionals 21 15.1
    Technicians & trades workers 19 13.7
    Community & personal service workers 16 11.5
    Labourers 33 23.7
    Others 26 18.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 38 51.4
    Secondary 18 24.3
    Technical or Further Educational Institution 12 16.2
    University or other Tertiary Institutions 6 8.1
    Pre-school 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 395 91.2
    Caravan, cabin, houseboat 19 4.4
    Flat, unit or apartment 8 1.8
    Semi-detached, row or terrace house, townhouse 7 1.6
    House or flat attached to a shop, office 4 0.9
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 133 60.7
    Rented 46 21.0
    Being purchased 37 16.9
    Other tenure type 3 1.4
    Tenure Type
Census 2011, ABS
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