Suburb Profile Report for North Adelaide SA (5006)

North Adelaide House: Median price $1,130,000, Annual capital growth 5.25%, Number of sales 63, Weekly median advertised rent $550

North Adelaide Unit: Median price $463,000, Annual capital growth 1.87%, Number of sales 79, Weekly median advertised rent $370

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Investment property in North Adelaide has done pretty 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 -3.21%

A 32.94% growth in median value for property investors in North Adelaide,5006 puts this suburb at number 401th in terms of best performing suburbs in SA

Our latest figures would indicate that property sellers in North Adelaide are currently offering property investors an average price cut of -8.62% below the asking price at the moment.

Advertised rents are around the $550 mark per week – giving a return of 2.53% based on the median price in Suburb

Giving property investors a a stable capital gain of 9.46% for the last year, North Adelaide, 5006 is the 340th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, North Adelaide,5006 has racked up an average of 9.46% over the period. This ranks it number 404th in the whole country for real estate investors looking at median house price increases.

At number 11th of SA’s most discounted properties, North Adelaide is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

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North Adelaide is a park-based suburb, located 2km north of the Adelaide city centre. It has a cosmopolitan vibe, with nice bars, restaurants and cafes and houses a lot of students due to its close proximity to the University of Adelaide.

The suburb is extremely central, with excellent infrastructure and public transport, as well as being a short distance to the City of Adelaide golf course and Victoria Park race course.

Renowned schools are also nearby, including St Peters for boys and similar institutions for girls.

North Adelaide is close to major hospitals and other medical facilities, meaning many of the residents are doctors or surgeons. The houses are mostly period homes, many of which are heritage listed. There are virtually no opportunities to buy and build in the best areas, unless you are more into units.

Greg Ennis from Ennis Partners has been selling in the suburb for 30 years. He believes surrounding parklands create a unique feel for residents.

“When Colonel light designed Adelaide, there was the city square, then some higher ground above the Torrens River for residential purposes. That’s North Adelaide,” Ennis says. “It’s very unusual. It’s a village. Being surrounded by parks promotes a different lifestyle and has a different flavour than if you were surrounded by other suburbs.”

Facilities within the parklands include golf courses, walking and cycling tracks and a swimming centre, in contrast to near-rural fields for horse riding and areas of bushland brimming with wildlife.

The best streets are those with a park outlook, such as Kingston terrace, Brougham Place, Palmer Place and Mills Terrace. Stanley Street is a block back from the park, but is leafy and contains hotels.

North Adelaide had the most buying activity of the 10 prime suburbs, with 36 houses sold over the past 12 months. The houses spent around two months on the market and were discounted by 9%. Despite its great location it only ranks eighth highest for median price in South Australia. Ennis says houses will average around $1 million, but units can be bought for as little as $350,000. In some cases, houses can sell for up to $7 million, so property costing $1 million is a decent buy in a climate conducive to further growth.

Metrics i HOUSE UNIT
$1,130,000 $463,000
-5.40% 2.89%
-3.21% 9.46%
5.25% 1.87%
$550 $370
63 79
2.53% 4.16%
80.2380952380952 59.6862745098039

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 6678
Median household income ($/weekly) 1530
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 924 13.8
    25-34 years 1234 18.5
    35-44 years 681 10.2
    45-54 years 717 10.7
    55-64 years 851 12.7
    Others 2271 34.0
    Age Group
    Census Count Percent(%)
    Not Married 2192 48.4
    Registered Married 1821 40.2
    Defacto Relationship 513 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4317 69.2
    Croatia 137 2.2
    Indonesia 198 3.2
    United Kingdom 433 6.9
    Other 278 4.5
    Others 879 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 180 3.0
    Christianity 3430 57.9
    Hinduism 164 2.8
    Islam 116 2.0
    No Religion 1935 32.7
    Others 94 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 195 8.1
    $1,000-$1,249 209 8.6
    $1,500-$1,999 315 13.0
    $2,000-$2,499 191 7.9
    $2,500-$2,999 326 13.5
    Others 1182 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2177 38.0
    Employed, worked full-time 2047 35.7
    Employed, worked part-time 1080 18.9
    Employed, away from work 235 4.1
    Unemployed, looking for work 190 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 489 14.5
    Professionals 1367 40.6
    Community & personal service workers 342 10.2
    Clerical & administrative workers 408 12.1
    Sales 265 7.9
    Others 493 14.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 218 11.0
    Secondary 158 8.0
    Technical or Further Educational Institution 118 5.9
    University or other Tertiary Institutions 1365 68.8
    Other type of educational institution 73 3.7
    Others 53 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1905 37.3
    Flat, unit or apartment 1618 31.6
    Separate house 1579 30.9
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1266 48.8
    Fully owned 817 31.5
    Being purchased 486 18.7
    Other tenure type 26 1.0
    Tenure Type
Census 2011, ABS
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