Suburb Profile Report for Cumberland Park SA (5041)

Cumberland Park House: Median price $707,500, Annual capital growth 4.04%, Number of sales 44, Weekly median advertised rent $450

Cumberland Park Unit: Median price $292,000, Annual capital growth 2.32%, Number of sales 11, Weekly median advertised rent $300

  • 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.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Cumberland Park, 5041 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 -1.05%.

Across a shorter period, Cumberland Park, 5041 has seen a median price increase of 0.35% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Cumberland Park is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 238th in terms of most discounted suburbs in SA

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

Over the last year, property investments in Cumberland Park, 5041 have given investors a capital gain of -7.89%. This compares badly with the 1.05% for SA as a whole.

Over the longer term, Cumberland Park has seen property prices show investors a -12.90% return over the last 3 years. This is an improvement over the last 12 months

The SA suburb of Cumberland Park, 5041 is in the Mitcham (C) local government area.

Metrics i HOUSE UNIT
$707,500 $292,000
0.35% -7.59%
-1.05% -7.89%
4.04% 2.32%
$450 $300
44 11
3.31% 5.34%
44.1666666666667 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 : Very good (H), Very good (U)
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Demographics
Total population 2484
Median household income ($/weekly) 1407
Median age of persons 38
Median housing loan repayment ($/monthly) 1733
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 319 12.8
    25-34 years 296 11.9
    35-44 years 396 15.9
    45-54 years 395 15.9
    55-64 years 270 10.9
    Others 808 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 928 49.4
    Not Married 789 42.0
    Defacto Relationship 161 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1982 82.4
    Hong Kong 34 1.4
    Papua New Guinea 35 1.5
    United Kingdom 97 4.0
    Other 80 3.3
    Others 176 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 1.0
    Christianity 1526 66.0
    Hinduism 17 0.7
    Other Religious Groups 14 0.6
    No Religion 720 31.1
    Others 13 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 73 8.2
    $800-$999 92 10.4
    $1,500-$1,999 117 13.2
    $2,000-$2,499 96 10.8
    $2,500-$2,999 88 9.9
    Others 422 47.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 808 42.0
    Not in the labour force 539 28.0
    Employed, worked part-time 447 23.2
    Employed, away from work 73 3.8
    Unemployed, looking for work 57 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 172 13.0
    Professionals 401 30.2
    Technicians & trades workers 165 12.4
    Clerical & administrative workers 209 15.7
    Sales 131 9.9
    Others 249 18.8
    Occupation
    Census Count Percent(%)
    Pre-school 49 7.2
    Infants/Primary 263 38.7
    Secondary 128 18.9
    Technical or Further Educational Institution 54 8.0
    University or other Tertiary Institutions 167 24.6
    Others 18 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1999 83.5
    Flat, unit or apartment 314 13.1
    Semi-detached, row or terrace house, townhouse 82 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 387 40.7
    Fully owned 313 32.9
    Rented 235 24.7
    Other tenure type 17 1.8
    Tenure Type
Census 2011, ABS
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