Suburb Profile Report for Fulham Gardens SA (5024)

Fulham Gardens House: Median price $639,500, Annual capital growth 3.36%, Number of sales 59, Weekly median advertised rent $470

Fulham Gardens Unit: Median price $331,000, Annual capital growth 5.21%, Number of sales 14, 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.

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Property investors who have had real estate in Fulham Gardens, 5024 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.00%

Fulham Gardens,5024 was ranked 3425 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Fulham Gardens should be aiming for at least -6.16% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 4.92 sales per month, which equates to 59 per year.

A $470 per week rent on the median house gives suburb investors a gross yield of circa 3.82%, without taking into account capital value appreciation, which has been averaging out at 3.36%.

Fulham Gardens is in the bottom 30% in SA when comparing median price capital growth over the last year. Fulham Gardens gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.02%.

Over the longer term, Fulham Gardens has seen property prices show investors a -7.41% return over the last 3 years. This is an improvement over the last 12 months

Property investors should expect to get $315 weekly from the median priced house in this suburb.

Information supplied by:


April 2017

M
O

W
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Nature-loving suburb blooms
Median house price: $634,000
Vacancy rate: 1.01%
Three-year growth: 32.08%

Situated in the western part of the Adelaide metropolitan area, Fulham Gardens is flourishing in a market that had faced struggles in past years.

Prices have been rising steadily over a five-year period. In the January 2017 quarter alone, there was over 5% growth. The average vacancy rate slipped from 1.27% in 2016 to just 1.01%, indicating that while rental yields are not very high at 3.7%, investors can expect a steady stream of occupants. Vendors also benefit from the ability to offer low average discounts of 5.12%.

Fulham Gardens has a shopping centre composed of small shops, a bakery and dining establishments. The suburb also houses part of Torrens Linear Park, along with various smaller reserves.

Locals can travel to the Adelaide CBD by car through Tapleys Hill Road and Grange Road. Grange Road also leads to the beach. The Adelaide Metro has bus routes running through this suburb as well.
 

Metrics i HOUSE UNIT
$639,500 $331,000
-2.74% 5.08%
-3.00% -5.02%
3.36% 5.21%
$470 $315
59 14
3.82% 4.95%
69.4074074074074 N/A

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 5877
Median household income ($/weekly) 1103
Median age of persons 44
Median housing loan repayment ($/monthly) 1600
Average household size 2.5
  • Census Count Percent(%)
    25-34 years 602 10.2
    35-44 years 762 13.0
    45-54 years 823 14.0
    55-64 years 734 12.5
    65-74 years 731 12.4
    Others 2225 37.9
    Age Group
    Census Count Percent(%)
    Registered Married 2731 57.4
    Not Married 1816 38.2
    Defacto Relationship 213 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3901 68.8
    Hong Kong 269 4.7
    Japan 454 8.0
    United Kingdom 240 4.2
    Other 234 4.1
    Others 571 10.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 78 1.4
    Christianity 4446 80.4
    Islam 62 1.1
    Other Religious Groups 89 1.6
    No Religion 813 14.7
    Others 40 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 267 12.9
    $600-$799 220 10.6
    $1,000-$1,249 188 9.1
    $1,500-$1,999 263 12.7
    $2,000-$2,499 197 9.5
    Others 942 45.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1969 40.4
    Employed, worked full-time 1638 33.6
    Employed, worked part-time 999 20.5
    Employed, away from work 153 3.1
    Unemployed, looking for work 112 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 321 11.5
    Professionals 535 19.2
    Technicians & trades workers 407 14.6
    Clerical & administrative workers 517 18.5
    Sales 337 12.1
    Others 674 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 62 5.1
    Infants/Primary 420 34.7
    Secondary 347 28.7
    Technical or Further Educational Institution 90 7.4
    University or other Tertiary Institutions 252 20.8
    Others 38 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4962 87.4
    Semi-detached, row or terrace house, townhouse 411 7.2
    Flat, unit or apartment 302 5.3
    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 1193 54.2
    Being purchased 558 25.4
    Rented 438 19.9
    Other tenure type 11 0.5
    Tenure Type
Census 2011, ABS
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