Suburb Profile Report for Elizabeth East SA (5112)

Elizabeth East House: Median price $226,000, Annual capital growth 1.05%, Number of sales 56, Weekly median advertised rent $270

Elizabeth East Unit: Median price $143,500, Annual capital growth -0.59%, Number of sales 14, Weekly median advertised rent $225

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

Elizabeth East is an average performer in SA when comparing median price capital growth over the last year. Elizabeth East gave property investors a good capital gain figure when compared to the rest of the state, with 5.58%.

When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth East comes in at number 315th in SA.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.30% offered to property buyers. Sellers in Elizabeth East itself are offering an average vendor discount of -6.01% to real estate investors.

Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.05%, investors should hope to achieve an overall return of 6.21%

Investment property in Elizabeth East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.81%

Elizabeth East, 5112’s gross rental yield is 8.15%

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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
$226,000 $143,500
2.73% N/A
5.58% -16.81%
1.05% -0.59%
$270 $225
56 14
6.21% 8.15%
84.58 N/A

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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