Suburb Profile Report for Grange SA (5022)

Grange House: Median price $725,000, Annual capital growth 2.77%, Number of sales 80, Weekly median advertised rent $520

Grange Unit: Median price $360,500, Annual capital growth 3.20%, Number of sales 18, Weekly median advertised rent $315

  • 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.

  • House Report
  • Unit Report

Property investors who have had real estate in Grange, 5022 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.55%

Grange,5022 was ranked 3234 in Australia by increase in median property value over the quarter.

Property buyers and investors in Grange 5022 should be seeing an average reduction in asking price of around -4.79% . This means that Grange is holding prices well when compared to other suburbs in SA.

Renters in Suburb are facing rents around $27040 per annum or $520 every week.

If you compare the increase in value of investment property in Grange, 5022 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was -3.22%.

A 2.71% growth in median value for property investors in Grange,5022 puts this suburb at number 64th in terms of best performing suburbs in SA

Vendor discounting in Grange is giving property investors an average Vendor Discount of around -7.40%. This puts suburb at number 17th in SA when ranking the most discounted suburbs.

The SA suburb of Grange, 5022 is in the Charles Sturt (C) local government area.

Metrics i HOUSE UNIT
$725,000 $360,500
-2.03% -2.83%
0.55% -3.22%
2.77% 3.20%
$520 $315
80 18
3.73% 4.54%
63.0444444444445 87.375

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 : Good (H), Above average (U)
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Demographics
Total population 5857
Median household income ($/weekly) 1186
Median age of persons 46
Median housing loan repayment ($/monthly) 1700
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 568 9.7
    35-44 years 738 12.6
    45-54 years 808 13.8
    55-64 years 872 14.9
    65-74 years 581 9.9
    Others 2290 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 2328 52.3
    Not Married 1751 39.3
    Defacto Relationship 371 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4539 80.0
    Japan 103 1.8
    Papua New Guinea 44 0.8
    United Kingdom 461 8.1
    Other 145 2.6
    Others 379 6.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 0.7
    Christianity 3974 73.2
    Islam 24 0.4
    Other Religious Groups 30 0.6
    No Religion 1342 24.7
    Others 22 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 248 11.6
    $600-$799 216 10.1
    $800-$999 203 9.5
    $1,500-$1,999 247 11.5
    $2,000-$2,499 204 9.5
    Others 1021 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1949 40.2
    Employed, worked full-time 1678 34.6
    Employed, worked part-time 952 19.6
    Employed, away from work 149 3.1
    Unemployed, looking for work 124 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 363 13.1
    Professionals 707 25.5
    Technicians & trades workers 323 11.6
    Community & personal service workers 296 10.7
    Clerical & administrative workers 486 17.5
    Others 602 21.7
    Occupation
    Census Count Percent(%)
    Pre-school 56 4.9
    Infants/Primary 432 37.8
    Secondary 271 23.7
    Technical or Further Educational Institution 106 9.3
    University or other Tertiary Institutions 237 20.7
    Others 42 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4146 77.4
    Semi-detached, row or terrace house, townhouse 708 13.2
    Flat, unit or apartment 504 9.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 953 41.4
    Being purchased 698 30.3
    Rented 581 25.2
    Other tenure type 72 3.1
    Tenure Type
Census 2011, ABS
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