Suburb Profile Report for Elizabeth East SA (5112)

Elizabeth East House: Median price $225,000, Annual capital growth 1.10%, Number of sales 55, Weekly median advertised rent $270

Elizabeth East Unit: Median price $143,500, Annual capital growth -0.17%, Number of sales 15, Weekly median advertised rent $228

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 1584th in the list of Australian suburbs ordered by increase in median house value over the last year, Elizabeth East, 5112 is in the top 40% with a property value increase of 6.64% recorded in median house prices.

The five-year average increase in median property values for Elizabeth East,5112 has given property investors a potential capital gain of 9.76% across each of those five years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Elizabeth East itself are offering an average vendor discount of -6.58% to real estate investors.

Renters in Suburb are facing rents around $14040 per annum or $270 every week.

Elizabeth East has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of -1.71% to date .

Taking the average capital gain, or increase in median house value, Elizabeth East,5112 has racked up an average of -1.71% over the period. This ranks it number 1496th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -5.76% to buyers in Elizabeth East at the moment, which is less than average for the rest of SA.

With the median price for a house in Elizabeth East being $143500 and the advertised rent reaching $227.5 the gross rental yield for property investors calculates out to be 8.24%

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December 2017

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Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater AdelaideFull summary

Supply dips in affordable suburb

Postcode: 5112

Median house price: $210,000

Stock on market: -47.2%

12-month growth: 0.0%

Elizabeth was originally planned as a satellite city of Adelaide in the 1950s, the township was later amalgamated into the local government area of Playford in 1997, and became a suburb of greater Adelaide. 

It’s quiet, and boasts good schools and affordable housing – a great place to raise a family, 25km from the Adelaide CBD. The current median house price is $210,000, a drop of 2.6% this quarter, and steady compared to this time last year. 

Units however have grown 4.7% in the past twelve months, to $146,000. The stock on market trends reveal a 47.2% drop in the number of properties for sale, with just 19 houses listed this year, compared to 36 last year – perhaps homeowners are staying put, in the hope house prices regain some ground in the coming months.

Close
Metrics i HOUSE UNIT
$225,000 $143,500
7.14% -1.03%
6.64% -1.71%
1.10% -0.17%
$270 $228
55 15
6.24% 8.24%
83.8 60.5

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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