Suburb Profile Report for Clarence Park SA (5034)

Clarence Park House: Median price $955,000, Annual capital growth 1.89%, Number of sales 24, Weekly median advertised rent $280

Clarence Park Unit: Median price $391,251, Annual capital growth 6.14%, Number of sales 28, Weekly median advertised rent $550

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • 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 around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 16.67%.

Clarence Park,5034 was ranked 1509 in Australia by increase in median property value over the quarter.

Vendor discounting in Clarence Park is giving property investors an average Vendor Discount of around 0.00%. This puts suburb at number 293th in SA when ranking the most discounted suburbs.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

Investment property in Clarence Park has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.79%

Across a shorter period, Clarence Park, 5034 has seen a median price increase of 6.94% over the last quarter.

State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.35% offered to property buyers. Sellers in Clarence Park itself are offering an average vendor discount of -3.24% to real estate investors.

The SA suburb of Clarence Park, 5034 is in the Unley (C) local government area.

Information supplied by:


April 2019

M
O

W
E

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
$955,000 $391,251
6.94% 6.94%
16.67% 10.79%
1.89% 6.14%
$280 $550
24 28
7.56% 3.71%
57.8695652173913 56.2340425531915

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Clarence Park SA
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
Chart Table