Suburb Profile Report for Willaston SA (5118)

Willaston House: Median price $300,000, Annual capital growth 1.04%, Number of sales 61, Weekly median advertised rent $310

Willaston Unit: Median price $230,000, Annual capital growth N/A, Number of sales 11, Weekly median advertised rent $265

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

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

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  • House Report
  • Unit Report

At number 1250th in the list of Australian suburbs ordered by increase in median house value over the last year, Willaston, 5118 is in the top 40% with a property value increase of 3.27% recorded in median house prices.

Across a shorter period, Willaston, 5118 has seen a median price increase of 2.56% over the last quarter.

At number 62th of SA’s most discounted properties, Willaston is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 61 properties changed hands in Willaston, which puts it as the 123th most active market in SA when comparing the number of sales per suburb.

With the median price for a house in Willaston being $300000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.37%

If we look at median property appreciation over just the last three months, Willaston has given property investors a paper return of 0.00%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Willaston is giving property investors an average Vendor Discount of around -4.96%. This puts suburb at number 52th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Willaston the average time real estate has been on the market is 98.8 days.

Advertised rents are around the $265 mark per week – giving a return of 5.99% based on the median price in Suburb

Information supplied by:


January 2019

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Units generate considerable cash flow

Postcode: 5118

Median unit price: $220,000

Five-year growth: 0.9%

Rental yield: 6.0%

A small, emerging neighbourhood situated at the gateway to the Barossa Valley, Willaston is a suburb that offers everything locals could need – but without the hustle and bustle of the city atmosphere. It’s more of a village feel here, with a range of shops, cafés and restaurants within Willaston and in nearby suburbs, and easy access to local schools.

Apartment stock here is highly affordable from an investment perspective, with a budget of around $200,000 able to secure a good quality two-bedroom unit. With a rental potential of around $250 per week, this is the type of investment that could deliver a strong positive cashflow return. 

Willaston is right near the major suburb of Gawler, which has its own train station and a number of major amenities, including retail, restaurants and public transport. For residents who do commute to the city, there is Gawler train station and access to the Sturt Highway.

Metrics i HOUSE UNIT
$300,000 $230,000
2.56% 0.00%
3.27% N/A
1.04% N/A
$310 $265
61 11
5.37% 5.99%
104.707317073171 98.8

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3294
Median household income ($/weekly) 990
Median age of persons 39
Median housing loan repayment ($/monthly) 1361
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 405 12.3
    25-34 years 463 14.1
    35-44 years 425 12.9
    45-54 years 453 13.8
    55-64 years 418 12.7
    Others 1130 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1146 46.9
    Not Married 995 40.7
    Defacto Relationship 305 12.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2635 83.7
    Greece 20 0.6
    New Zealand 17 0.5
    United Kingdom 376 11.9
    Other 22 0.7
    Others 77 2.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1874 64.1
    No Religion 1016 34.7
    Other Religious Groups 20 0.7
    Buddhism 12 0.4
    Islam 3 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 153 12.4
    $600-$799 158 12.8
    $800-$999 138 11.1
    $1,000-$1,249 136 11.0
    $1,500-$1,999 174 14.1
    Others 479 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1010 39.5
    Not in the labour force 888 34.7
    Employed, worked part-time 490 19.2
    Employed, away from work 91 3.6
    Unemployed, looking for work 79 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 237 14.9
    Technicians & trades workers 277 17.4
    Community & personal service workers 173 10.9
    Clerical & administrative workers 208 13.1
    Labourers 213 13.4
    Others 483 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.3
    Infants/Primary 301 44.0
    Secondary 167 24.4
    Technical or Further Educational Institution 79 11.5
    University or other Tertiary Institutions 72 10.5
    Others 22 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2774 89.3
    Flat, unit or apartment 209 6.7
    Semi-detached, row or terrace house, townhouse 122 3.9
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 589 43.9
    Fully owned 387 28.9
    Rented 352 26.2
    Other tenure type 13 1.0
    Tenure Type
Census 2011, ABS
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