Suburb Profile Report for Wirrina Cove SA (5204)

Wirrina Cove Unit: Median price $75,000, Annual capital growth -14.20%, Number of sales 12, Weekly median advertised rent $170

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

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

  • Unit Report
  • Expert Report

Investment property in Wirrina Cove 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 -28.57%

Comparing Wirrina Cove,5204 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in Wirrina Cove 5204 should be seeing an average reduction in asking price of around 0.00% . This means that Wirrina Cove is holding prices well when compared to other suburbs in SA.

Using the current median advertised rental of $170 and the average annual increase in value of a median property of -0.94%, investors should hope to achieve an overall return of 11.79%

Information supplied by:


April 2019

M
O

W
E
Around an hour’s drive from the centre of Adelaide, the suburb of Wirrina Cove on the Fleurieu Peninsula is a holidaymaker’s dream due to its position on the water, whilst also being nearby to hillsides, with a peaceful country atmosphere. It is nestled between the towns of Second Valley and NormanvilleFull summary

Holidaymaker suburb on a downswing

Postcode: 5204

Median unit price: $74,750

Five-year growth: -23.7%

Rental yield: 11.8%

Around an hour’s drive from the centre of Adelaide, the suburb of Wirrina Cove on the Fleurieu Peninsula is a holidaymaker’s dream due to its position on the water, whilst also being nearby to hillsides, with a peaceful country atmosphere. It is nestled between the towns of Second Valley and Normanville.

Popular activities here include fishing for seafood like squid and whiting. Wirrina Cove Holiday Park is a hotbed of natural beauty, with walking trails to enjoy the sights and incredible ocean views. Wirrina Cove also contains a golf course.

The unit market struggles against a downturn as prices plummeted all the way down to $74,750 after a 30% decline in the 12 months to January 2019. Nonetheless, apartments spend less than 20 days on the market before selling likely due to the very low price tag.

Close
Metrics i HOUSE UNIT
N/A $75,000
N/A -11.76%
N/A -28.57%
N/A -14.20%
N/A $170
N/A 12
N/A N/A
N/A N/A

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

DSR Score for property investment : Below average (H), Below average (U)
Find a mortgage broker in Wirrina Cove SA
Demographics
Total population 496
Median household income ($/weekly) 749
Median age of persons 48
Median housing loan repayment ($/monthly) 1083
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 53 10.7
    35-44 years 64 12.9
    45-54 years 87 17.5
    55-64 years 108 21.7
    65-74 years 61 12.3
    Others 124 24.9
    Age Group
    Census Count Percent(%)
    Registered Married 171 46.0
    Not Married 144 38.7
    Defacto Relationship 57 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 382 82.7
    Papua New Guinea 7 1.5
    United Kingdom 53 11.5
    United States of America 5 1.1
    Other 8 1.7
    Others 7 1.5
    Country of Birth
    Census Count Percent(%)
    No Religion 210 48.8
    Christianity 206 47.9
    Buddhism 6 1.4
    Other Religious Groups 5 1.2
    Islam 3 0.7
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 23 11.6
    $400-$599 34 17.2
    $600-$799 32 16.2
    $800-$999 24 12.1
    $1,250-$1,499 19 9.6
    Others 66 33.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 167 42.0
    Employed, worked part-time 105 26.4
    Employed, worked full-time 100 25.1
    Unemployed, looking for work 16 4.0
    Employed, away from work 10 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 53 24.8
    Professionals 23 10.7
    Technicians & trades workers 27 12.6
    Community & personal service workers 30 14.0
    Labourers 33 15.4
    Others 48 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 6 7.0
    Infants/Primary 37 43.0
    Secondary 25 29.1
    Technical or Further Educational Institution 12 14.0
    University or other Tertiary Institutions 3 3.5
    Others 3 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 423 91.8
    Flat, unit or apartment 22 4.8
    Caravan, cabin, houseboat 16 3.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 94 43.7
    Rented 59 27.4
    Being purchased 58 27.0
    Other tenure type 4 1.9
    Tenure Type
Census 2011, ABS
Chart Table