Suburb Profile Report for Bedford Park SA (5042)

Bedford Park House: Median price $485,000, Annual capital growth 3.76%, Number of sales 17, Weekly median advertised rent $355

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Bedford Park, 5042 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 6.13%.

When looking at the potential capital gains offered to property investors over the last 3 years, Bedford Park comes in at number 267th in SA.

The SA suburb of Bedford Park, 5042 is in the Mitcham (C) local government area.

Information supplied by:


April 2019

M
O

W
E

Things get tight

Postcode: 5042

Median house price: $490,000

Vacancy rate: 2.2%

Three-year growth: 12.6%

Residents love the suburb of Bedford Park in the south of Adelaide for its safety, convenience and excellent views from the nearby hills.

The suburb is home to Flinders University and to the Flinders Medical Centre; thus, it’s a perfect residential spot for students and medical personnel. Marion shopping centre is in the vicinity, along with restaurants. Sturt Creek runs close to the suburb, and a local reserve highlights the abundance of nature here. The community-oriented feel also makes Bedford Park an ideal place to bring up a family.

Rental vacancies in this suburb tightened perceptibly in the 12 months to January 2019 as the average vacancy rate went down from 3.5% to 2.2%. This is good news for those looking to capitalise on the convenience. Rent rates are reasonable at an average of $360 per week.

Metrics i HOUSE UNIT
$485,000 N/A
4.86% N/A
6.13% N/A
3.76% N/A
$355 N/A
17 N/A
3.81% N/A
54.8181818181818 N/A

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1836
Median household income ($/weekly) 918
Median age of persons 27
Median housing loan repayment ($/monthly) 1376
Average household size 2.5
  • Census Count Percent(%)
    15-19 years 217 11.8
    20-24 years 397 21.6
    25-34 years 401 21.8
    35-44 years 210 11.4
    45-54 years 122 6.6
    Others 490 26.7
    Age Group
    Census Count Percent(%)
    Not Married 538 49.3
    Registered Married 490 44.9
    Defacto Relationship 64 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 881 50.7
    Croatia 104 6.0
    Indonesia 87 5.0
    Iraq 100 5.8
    Other 168 9.7
    Others 398 22.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 104 6.3
    Christianity 756 46.0
    Hinduism 60 3.7
    Islam 152 9.3
    No Religion 537 32.7
    Others 33 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 66 14.0
    $600-$799 63 13.4
    $800-$999 49 10.4
    $1,000-$1,249 51 10.9
    $1,500-$1,999 56 11.9
    Others 185 39.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 768 48.8
    Employed, worked part-time 323 20.5
    Employed, worked full-time 303 19.3
    Unemployed, looking for work 128 8.1
    Employed, away from work 52 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 178 26.3
    Community & personal service workers 106 15.7
    Clerical & administrative workers 80 11.8
    Sales 77 11.4
    Labourers 98 14.5
    Others 137 20.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 77 8.5
    Secondary 58 6.4
    Technical or Further Educational Institution 20 2.2
    University or other Tertiary Institutions 709 78.7
    Other type of educational institution 24 2.7
    Others 13 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 984 76.6
    Flat, unit or apartment 281 21.9
    Semi-detached, row or terrace house, townhouse 19 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 221 44.1
    Fully owned 155 30.9
    Being purchased 122 24.4
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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