Suburb Profile Report for Thebarton SA (5031)

Thebarton House: Median price $625,000, Annual capital growth 5.05%, Number of sales 10, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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At number 726th in the list of Australian suburbs ordered by increase in median house value over the last year, Thebarton, 5031 is in the top 20% with a property value increase of 7.07% recorded in median house prices.

Across a shorter period, Thebarton, 5031 has seen a median price increase of 0.81% over the last quarter.

On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.

The SA suburb of Thebarton, 5031 is in the West Torrens (C) local government area.

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Median House Price: $612k

Current Yield (houses): 3.8%

Average annual growth (houses): 5.3%

A convenient 4.1km from Adelaide’s central business district, Thebarton has emerged as a thriving suburb, teeming with stylish cafes, restaurants and shops. The median house price sits at $612k and values have climbed a considerable average annual growth rate of 5.3%

The city can be reached by walking distance or by a free local tram connection.

“It is in the early stages of gentrification and attracting young professionals who work in the city and can afford to pay relatively high rents to live close to their work,” shares Peter Koulizos, program director of the Master of Property at the University of Adelaide.

“The university campuses and TAFE within the city centre attract students to this suburb as they wish to be close to their place of study.”

Investors can potentially pocket a median weekly rental income of $450 for units, and the gross rental yield for units come in at 3.8%.

There are a number of schools in the immediate and surrounding region, and Royal Adelaide Hospital can be reached within a 7-minute drive.

Considering Thebarton’s ease of access to the city, house values are relatively advantageous, and values show potential to incline alongside the suburb’s ongoing upscaling.

Metrics i HOUSE UNIT
$625,000 N/A
0.81% N/A
7.07% N/A
5.05% N/A
$450 N/A
10 N/A
3.74% N/A
N/A N/A

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

DSR Score for property investment : Above average (H), Very good (U)
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Demographics
Total population 1322
Median household income ($/weekly) 905
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 134 10.1
    25-34 years 243 18.4
    35-44 years 224 16.9
    45-54 years 157 11.9
    55-64 years 139 10.5
    Others 425 32.1
    Age Group
    Census Count Percent(%)
    Not Married 605 58.8
    Registered Married 299 29.1
    Defacto Relationship 125 12.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 810 66.2
    Croatia 44 3.6
    Hong Kong 104 8.5
    United Kingdom 41 3.4
    Other 74 6.1
    Others 150 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 2.0
    Christianity 639 55.4
    Islam 31 2.7
    Other Religious Groups 18 1.6
    No Religion 435 37.7
    Others 7 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 63 11.8
    $400-$599 73 13.7
    $600-$799 58 10.9
    $1,500-$1,999 65 12.2
    $2,000-$2,499 47 8.8
    Others 226 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 397 37.2
    Not in the labour force 391 36.6
    Employed, worked part-time 208 19.5
    Unemployed, looking for work 37 3.5
    Employed, away from work 35 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 85 13.3
    Professionals 195 30.6
    Technicians & trades workers 73 11.4
    Community & personal service workers 72 11.3
    Clerical & administrative workers 78 12.2
    Others 135 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 17 5.3
    Infants/Primary 67 20.8
    Secondary 50 15.5
    Technical or Further Educational Institution 44 13.7
    University or other Tertiary Institutions 131 40.7
    Others 13 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 768 63.4
    Semi-detached, row or terrace house, townhouse 240 19.8
    Flat, unit or apartment 199 16.4
    House or flat attached to a shop, office 4 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 270 47.4
    Fully owned 147 25.8
    Being purchased 147 25.8
    Other tenure type 6 1.1
    Tenure Type
Census 2011, ABS
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