Suburb Profile Report for Bowden SA (5007)

Bowden House: Median price $600,000, Annual capital growth 3.42%, Number of sales 12, Weekly median advertised rent $420

Bowden Unit: Median price $425,000, Annual capital growth 1.39%, Number of sales 40, Weekly median advertised rent $405

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 13.21% for the last 12 months, Bowden, 5007 has performed for property investments than its average annual 3.42% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowden has increased when compared to the 5 year average annual rate.

Situated 3.28km from the CBD, Bowden is one of Charles Sturt (C) localities in the postcode 5007.

At number 901th in the list of Australian suburbs ordered by increase in median house value over the last year, Bowden, 5007 is in the BOTTOM 50% with a property value increase of -3.41% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Bowden,5007 has racked up an average of -3.41% over the period. This ranks it number 910th in the whole country for real estate investors looking at median house price increases.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.88% offered to property buyers. Sellers in Bowden itself are offering an average vendor discount of -7.15% to real estate investors.

The SA suburb of Bowden, 5007 is in the Charles Sturt (C) local government area.

Information supplied by:


April 2018

M
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W
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Units pop up in food hub

Postcode: 5007

Median unit price: $431,100

Stock on market: 400%

12-month growth: -0.2%

Established in the 1830s and named after a Northamptonshire village, the suburb of Bowden enjoys proximity to the Adelaide CBD while being affordable.

A large number of apartments were released into the market between January 2017 and January 2018, boosting property stock by 400%. Prices have remained relatively flat at a median of just over $430,000.

Bowden is the SA government’s first high-density urban infill project, and is intended to serve as a model of urban renewal for the state’s suburbs. It is a community-oriented area, with a group for bicycle manufacturers, a circus school for kids and a charity centre. The Plant 4 Bowden hub is home to several dining establishments, markets and shops – Bowden is certainly a foodie destination!

Metrics i HOUSE UNIT
$600,000 $425,000
9.59% -2.30%
13.21% -3.41%
3.42% 1.39%
$420 $405
12 40
3.64% 4.96%
N/A 82.9

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 619
Median household income ($/weekly) 766
Median age of persons 39
Median housing loan repayment ($/monthly) 1663
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 45 7.2
    25-34 years 126 20.3
    35-44 years 107 17.2
    45-54 years 102 16.4
    55-64 years 83 13.4
    Others 158 25.4
    Age Group
    Census Count Percent(%)
    Not Married 290 58.2
    Registered Married 132 26.5
    Defacto Relationship 76 15.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 434 74.2
    Croatia 15 2.6
    Papua New Guinea 15 2.6
    United Kingdom 38 6.5
    Other 26 4.4
    Others 57 9.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 21 3.8
    Christianity 269 48.7
    Islam 10 1.8
    Other Religious Groups 4 0.7
    No Religion 245 44.4
    Others 3 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 29 10.4
    $300-$399 45 16.1
    $400-$599 31 11.1
    $600-$799 30 10.8
    $1,000-$1,249 25 9.0
    Others 119 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 190 37.0
    Employed, worked full-time 172 33.5
    Employed, worked part-time 115 22.4
    Unemployed, looking for work 28 5.4
    Employed, away from work 9 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 31 10.5
    Professionals 92 31.1
    Technicians & trades workers 30 10.1
    Community & personal service workers 32 10.8
    Clerical & administrative workers 39 13.2
    Others 72 24.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 30 21.7
    Secondary 22 15.9
    Technical or Further Educational Institution 11 8.0
    University or other Tertiary Institutions 55 39.9
    Other type of educational institution 12 8.7
    Others 8 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 266 45.5
    Semi-detached, row or terrace house, townhouse 255 43.6
    Flat, unit or apartment 60 10.3
    House or flat attached to a shop, office 4 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 189 63.2
    Being purchased 60 20.1
    Fully owned 46 15.4
    Other tenure type 4 1.3
    Tenure Type
Census 2011, ABS
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