Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $712,500, Annual capital growth 2.43%, Number of sales 30, Weekly median advertised rent $395

Clarence Park Unit: Median price $381,100, Annual capital growth 1.89%, Number of sales 10, Weekly median advertised rent $280

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

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

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Property value increases in Clarence Park have tracked just lower than the SA average of 1.79% over the last 12 months.

While Clarence Park,5034 ranked number 377th in SA for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.

A $395 per week rent on the median house gives suburb investors a gross yield of circa 2.88%, without taking into account capital value appreciation, which has been averaging out at 2.43%.

At number 594th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarence Park, 5034 is in the top half with a property value increase of 4.41% recorded in median house prices.

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

Renters in Suburb are facing rents around $14560 per annum or $280 every week.

Information supplied by:


April 2019

M
O

W
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Units spend a short time on the market

Postcode: 5034

Median unit price: $335,000

Three-year growth: 2.4%

Rental yield: 4.6%

Nestled within the inner south of Adelaide, the suburb of Clarence Park is bordered by several roads, namely, Mills Street, Cross Road and Goodwood Road. The Seaford railway line makes up part of the western boundary.

Despite its proximity to the city and the connecting streets, the suburb boasts a peaceful atmosphere that evokes the countryside. The shopping area is centred at Winston Avenue, which is also peppered with cafes. There’s a Woolsworths supermarket in the area as well. For public transport, residents can take either the bus or the train into the city.

Value growth in Clarence Park’s unit market peaked in the 12 months to January 2019 at 13%. Even though prices have steadily been on the up since 2014 and properties are selling in just 32 days on average, the median value remains under $350,000.

Metrics i HOUSE UNIT
$712,500 $381,100
-3.39% N/A
-3.06% 4.41%
2.43% 1.89%
$395 $280
30 10
2.88% 3.82%
43 N/A

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2492
Median household income ($/weekly) 1227
Median age of persons 37
Median housing loan repayment ($/monthly) 1775
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 258 10.3
    25-34 years 394 15.8
    35-44 years 366 14.7
    45-54 years 361 14.5
    55-64 years 329 13.2
    Others 785 31.5
    Age Group
    Census Count Percent(%)
    Not Married 898 46.4
    Registered Married 845 43.7
    Defacto Relationship 191 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1868 77.7
    Croatia 61 2.5
    Indonesia 46 1.9
    United Kingdom 130 5.4
    Other 96 4.0
    Others 203 8.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 35 1.5
    Christianity 1405 61.6
    Hinduism 46 2.0
    Other Religious Groups 22 1.0
    No Religion 754 33.1
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 94 9.7
    $600-$799 95 9.8
    $1,000-$1,249 107 11.0
    $1,500-$1,999 130 13.4
    $2,500-$2,999 84 8.6
    Others 462 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 827 41.2
    Not in the labour force 602 30.0
    Employed, worked part-time 437 21.8
    Employed, away from work 70 3.5
    Unemployed, looking for work 70 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 159 11.9
    Professionals 443 33.1
    Technicians & trades workers 150 11.2
    Community & personal service workers 144 10.8
    Clerical & administrative workers 196 14.7
    Others 245 18.3
    Occupation
    Census Count Percent(%)
    Pre-school 32 5.1
    Infants/Primary 202 32.3
    Secondary 125 20.0
    Technical or Further Educational Institution 52 8.3
    University or other Tertiary Institutions 199 31.8
    Others 16 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1811 76.2
    Flat, unit or apartment 334 14.1
    Semi-detached, row or terrace house, townhouse 231 9.7
    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 366 35.7
    Being purchased 343 33.5
    Rented 312 30.5
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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