Suburb Profile Report for Renown Park SA (5008)

Renown Park House: Median price $466,250, Annual capital growth 2.90%, Number of sales 22, Weekly median advertised rent $395

Renown Park Unit: Median price $350,000, Annual capital growth N/A, Number of sales 15, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

Renown Park has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -4.46% to date .

While Renown Park,5008 ranked number 369th in SA for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Renown Park, 5008. Typically our figures indicate that -5.03% is being offered, which puts this SA suburb at 2297th most discounted overall in Australia.

Renown Park, 5008’s gross rental yield is 4.41%

The most recent median price for Renown Park is $350000, with sellers offering an average of -2.70% off the asking price.

Metrics i HOUSE UNIT
$466,250 $350,000
-2.36% N/A
-4.46% N/A
2.90% N/A
$395 $305
22 15
4.41% 4.53%
50.3 33.4

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 1588
Median household income ($/weekly) 785
Median age of persons 37
Median housing loan repayment ($/monthly) 1408
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 159 10.0
    25-34 years 290 18.3
    35-44 years 203 12.8
    45-54 years 218 13.7
    55-64 years 165 10.4
    Others 554 34.9
    Age Group
    Census Count Percent(%)
    Not Married 772 60.7
    Registered Married 399 31.4
    Defacto Relationship 101 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 870 59.5
    Croatia 46 3.1
    Indonesia 59 4.0
    Viet Nam 95 6.5
    Other 99 6.8
    Others 292 20.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 141 10.0
    Christianity 803 56.8
    Hinduism 33 2.3
    Islam 61 4.3
    No Religion 345 24.4
    Others 30 2.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 97 15.0
    $400-$599 82 12.7
    $600-$799 72 11.1
    $800-$999 63 9.8
    $1,500-$1,999 62 9.6
    Others 270 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 585 45.9
    Employed, worked full-time 387 30.4
    Employed, worked part-time 200 15.7
    Unemployed, looking for work 60 4.7
    Employed, away from work 43 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 64 10.2
    Professionals 144 23.0
    Technicians & trades workers 87 13.9
    Clerical & administrative workers 99 15.8
    Labourers 78 12.5
    Others 153 24.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 80 23.1
    Secondary 71 20.5
    Technical or Further Educational Institution 43 12.4
    University or other Tertiary Institutions 129 37.2
    Other type of educational institution 15 4.3
    Others 9 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 963 64.2
    Semi-detached, row or terrace house, townhouse 334 22.3
    Flat, unit or apartment 204 13.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 382 55.6
    Fully owned 171 24.9
    Being purchased 131 19.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals