Suburb Profile Report for Ottoway SA (5013)

Ottoway House: Median price $354,500, Annual capital growth 4.34%, Number of sales 50, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Ottoway has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.75%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ottoway has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Ottoway is offering property investors an average of -6.24. This rate of discount on properties puts Suburb at number 54th in terms of most discounted suburbs in SA

In the last year 50 properties changed hands in Ottoway, which puts it as the 187th most active market in SA when comparing the number of sales per suburb.

Situated 9.78km from the CBD, Ottoway is one of Port Adelaide Enfield localities in the postcode 5013.

Information supplied by:


July 2017

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Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.Full summary

It’s a tight squeeze inside this industrial suburb 
Median house price: $345,000
Vacancy rate: 0.52%
Three-year growth: 18.97% 

Despite Adelaide’s ongoing problems with the brain drain and a potential oversupply, the suburb of Ottoway is recording remarkably low vacancy rates, with the average as of April 2017 being a mere 0.52%.

The industrial suburb is only 12km from the Adelaide CBD and about 2km from Port Adelaide, which could account for its strong performance given the proximity to both the water and the city. This also means that residents have quick and easy access to the amenities offered by both major areas, including shops and markets, dining, art and entertainment. There are also schools of all levels located in Adelaide, as well as employment opportunities.

With the median house price hovering below $350,000, Ottoway can definitely be seen as an affordable alternative to its more prominent neighbours.

Close
Metrics i HOUSE UNIT
$354,500 N/A
0.42% N/A
2.75% N/A
4.34% N/A
$325 N/A
50 N/A
4.77% N/A
84.83 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2419
Median household income ($/weekly) 785
Median age of persons 38
Median housing loan repayment ($/monthly) 1383
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 290 12.0
    25-34 years 365 15.1
    35-44 years 336 13.9
    45-54 years 365 15.1
    55-64 years 271 11.2
    Others 791 32.7
    Age Group
    Census Count Percent(%)
    Not Married 977 52.6
    Registered Married 699 37.6
    Defacto Relationship 181 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1386 60.3
    Japan 60 2.6
    Philippines 92 4.0
    Viet Nam 296 12.9
    Other 122 5.3
    Others 344 15.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 316 14.2
    Christianity 1290 57.9
    Hinduism 19 0.9
    Islam 101 4.5
    No Religion 492 22.1
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 105 12.2
    $400-$599 111 12.8
    $600-$799 137 15.9
    $1,000-$1,249 88 10.2
    $1,500-$1,999 91 10.5
    Others 332 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 826 43.4
    Employed, worked full-time 607 31.9
    Employed, worked part-time 309 16.2
    Unemployed, looking for work 99 5.2
    Employed, away from work 61 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 105 10.7
    Technicians & trades workers 172 17.6
    Clerical & administrative workers 136 13.9
    Machinery operators & drivers 116 11.8
    Labourers 193 19.7
    Others 258 26.3
    Occupation
    Census Count Percent(%)
    Pre-school 39 7.4
    Infants/Primary 192 36.3
    Secondary 123 23.3
    Technical or Further Educational Institution 75 14.2
    University or other Tertiary Institutions 89 16.8
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1911 81.1
    Semi-detached, row or terrace house, townhouse 256 10.9
    Flat, unit or apartment 189 8.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 344 38.0
    Being purchased 300 33.1
    Fully owned 258 28.5
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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