Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $725,109, Annual capital growth 4.57%, Number of sales 37, Weekly median advertised rent $475

Clarence Park Unit: Median price $345,000, Annual capital growth 1.82%, Number of sales 23, Weekly median advertised rent $295

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

If you compare the increase in value of investment property in Clarence Park, 5034 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 7.42%.

A 36.88% growth in median value for property investors in Clarence Park,5034 puts this suburb at number 38th in terms of best performing suburbs in SA

Property buyers and investors in Clarence Park 5034 should be seeing an average reduction in asking price of around -6.25% . This means that Clarence Park is holding prices well when compared to other suburbs in SA.

Situated 4.12km from the CBD, Clarence Park is one of Unley localities in the postcode 5034.

Property investors who have had real estate in Clarence Park, 5034 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 increase in value by 3.76%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clarence Park has increased when compared to the 5 year average annual rate.

Clarence Park, 5034 is offering SA ‘s 122th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this SA.

Often selling an investment property can take time, and in Clarence Park the average time real estate has been on the market is 29.81 days.

Metrics i HOUSE UNIT
$725,109 $345,000
6.17% -1.85%
7.42% 3.76%
4.57% 1.82%
$475 $295
37 23
3.41% 4.45%
56.16 29.81

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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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