Suburb Profile Report for Lockleys SA (5032)

Lockleys House: Median price $641,000, Annual capital growth 2.47%, Number of sales 78, Weekly median advertised rent $445

Lockleys Unit: Median price $327,500, Annual capital growth 4.81%, Number of sales 10, 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.

  • Expert Report
  • House Report

Lockleys is in the bottom 30% in SA when comparing median price capital growth over the last year. Lockleys gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.88%.

If we look at median property appreciation over just the last three months, Lockleys has given property investors a paper return of -1.00%. This puts Suburb as 316 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Lockleys is giving property investors an average Vendor Discount of around -9.06%. This puts suburb at number 28th in SA when ranking the most discounted suburbs.

Using the current median advertised rental of $445 and the average annual increase in value of a median property of 2.47%, investors should hope to achieve an overall return of 3.61%

Information supplied by:


April 2018

M
O

W
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Inner west suburb sees high growth

Postcode: 5032

Median unit price: $385,000

Three-year growth: 11.6%

Rental yield: 4.0%

A five-minute drive from the Adelaide Airport, the suburb of Lockleys is shaping up to have considerable long-term potential in South Australia’s uneven market.

The apartment market saw prices increase by over 25% in the 12 months leading up to January 2018, and the positivity shows no signs of letting up. Nonetheless, the median value remains affordable at under $400,000, making this suburb popular with both first homebuyers and investors alike. Demand appears to be steady, with units spending just 59 days on the market on average.

There are two primary schools in the suburb, including Lockleys North Primary and St. Francis School. The former has a soccer pitch that is open to outsiders. Bicycle riding is popular due to the many cycling tracks along the River Torrens.

Metrics i HOUSE UNIT
$641,000 $327,500
-1.00% -8.71%
-2.88% N/A
2.47% 4.81%
$445 $315
78 10
3.61% 5.00%
60 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), Good (U)
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Demographics
Total population 5449
Median household income ($/weekly) 1160
Median age of persons 42
Median housing loan repayment ($/monthly) 1767
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 617 11.3
    25-34 years 621 11.4
    35-44 years 746 13.7
    45-54 years 761 14.0
    55-64 years 588 10.8
    Others 2116 38.8
    Age Group
    Census Count Percent(%)
    Registered Married 2239 53.4
    Not Married 1705 40.6
    Defacto Relationship 252 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4096 77.6
    Hong Kong 100 1.9
    Japan 204 3.9
    United Kingdom 249 4.7
    Other 157 3.0
    Others 472 8.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.6
    Christianity 3893 76.4
    Islam 33 0.6
    Other Religious Groups 49 1.0
    No Religion 1014 19.9
    Others 29 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 220 11.3
    $600-$799 193 9.9
    $800-$999 194 9.9
    $1,500-$1,999 225 11.5
    $2,000-$2,499 188 9.6
    Others 934 47.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1631 37.3
    Employed, worked full-time 1545 35.4
    Employed, worked part-time 928 21.2
    Employed, away from work 164 3.8
    Unemployed, looking for work 100 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 347 13.2
    Professionals 629 23.9
    Technicians & trades workers 316 12.0
    Clerical & administrative workers 497 18.9
    Sales 286 10.9
    Others 555 21.1
    Occupation
    Census Count Percent(%)
    Pre-school 75 5.9
    Infants/Primary 463 36.7
    Secondary 311 24.7
    Technical or Further Educational Institution 95 7.5
    University or other Tertiary Institutions 279 22.1
    Others 38 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4510 86.7
    Flat, unit or apartment 387 7.4
    Semi-detached, row or terrace house, townhouse 304 5.8
    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 913 43.6
    Being purchased 652 31.1
    Rented 481 23.0
    Other tenure type 49 2.3
    Tenure Type
Census 2011, ABS
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