Suburb Profile Report for Elizabeth East SA (5112)

Elizabeth East House: Median price $210,000, Annual capital growth 1.84%, Number of sales 55, Weekly median advertised rent $270

Elizabeth East Unit: Median price $173,500, Annual capital growth 3.98%, Number of sales 15, Weekly median advertised rent $225

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 3422th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth East, 5112 is in the BOTTOM 20% with a property value increase of -2.33% recorded in median house prices.

Across a shorter period, Elizabeth East, 5112 has seen a median price increase of 0.00% over the last quarter.

Elizabeth East is 22th on a list of best yielding suburbs for rents in SA with a 6.69% return

Elizabeth East is in the TOP 10% in SA when comparing median price capital growth over the last year. Elizabeth East gave property investors a very good capital gain figure when compared to the rest of the state, with 23.05%.

Elizabeth East,5112 has offered an average of 23.05% return per annum in house price rises to property investors over the last three years.

With the median price for a house in Elizabeth East being $173500 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 6.74%

Information supplied by:


July 2017

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Elizabeth East has caught the interest of investors due to its remarkably strong returns, which hit an average of 8%, according to CoreLogic.Full summary

Apartments thrive in northern Adelaide suburb
Median unit price: $146,000
Three-year growth: 4.29%
Rental yield: 8.01%

A northern suburb of Adelaide, Elizabeth East has caught the interest of investors due to its remarkably strong returns, which hit an average of 8%, according to CoreLogic.

As a result of Adelaide’s weakened property market scene, the suburb’s growth rate has been gentle, peaking at 5% in the past 12 months up to April 2017. Even with the increase in apartment prices, the median value is very low and does not crack the $150,000 mark. Buyers are also willing to seal the deal at a reasonably low average discount rate of 4.36%.

Elizabeth East is home to a primary school. There are a couple of supermarkets in town and a shopping centre. Other shopping hubs are easily accessible in nearby Elizabeth just 5 minutes away. The Adelaide CBD is roughly 40 minutes away by car, and buses to the city run from Midway Road.

Close
Metrics i HOUSE UNIT
$210,000 $173,500
0.00% 19.24%
-2.33% 23.05%
1.84% 3.98%
$270 $225
55 15
6.69% 6.74%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
Find a mortgage broker in Elizabeth East SA
Demographics
Total population 4290
Median household income ($/weekly) 671
Median age of persons 37
Median housing loan repayment ($/monthly) 1092
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 581 13.5
    25-34 years 561 13.1
    35-44 years 523 12.2
    45-54 years 511 11.9
    55-64 years 444 10.3
    Others 1670 38.9
    Age Group
    Census Count Percent(%)
    Not Married 1711 55.9
    Registered Married 1065 34.8
    Defacto Relationship 283 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2932 72.0
    Greece 34 0.8
    Philippines 39 1.0
    United Kingdom 650 16.0
    Other 197 4.8
    Others 220 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 52 1.4
    Christianity 1992 53.3
    Islam 122 3.3
    Other Religious Groups 29 0.8
    No Religion 1519 40.6
    Others 25 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 259 16.6
    $400-$599 257 16.4
    $600-$799 212 13.6
    $800-$999 188 12.0
    $1,000-$1,249 135 8.6
    Others 513 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1725 53.2
    Employed, worked full-time 750 23.1
    Employed, worked part-time 457 14.1
    Unemployed, looking for work 212 6.5
    Employed, away from work 96 3.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 205 15.7
    Community & personal service workers 151 11.6
    Clerical & administrative workers 171 13.1
    Machinery operators & drivers 194 14.9
    Labourers 261 20.0
    Others 320 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 53 5.7
    Infants/Primary 402 43.1
    Secondary 276 29.6
    Technical or Further Educational Institution 102 10.9
    University or other Tertiary Institutions 58 6.2
    Others 42 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2830 71.1
    Semi-detached, row or terrace house, townhouse 822 20.7
    Flat, unit or apartment 328 8.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 777 46.8
    Being purchased 529 31.8
    Fully owned 337 20.3
    Other tenure type 19 1.1
    Tenure Type
Census 2011, ABS
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