Suburb Profile Report for Park Holme SA (5043)

Park Holme House: Median price $527,500, Annual capital growth 3.16%, Number of sales 56, Weekly median advertised rent $430

Park Holme Unit: Median price $350,000, Annual capital growth 0.07%, Number of sales 15, Weekly median advertised rent $330

  • 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
  • Unit Report

Investment property in Park Holme has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.84%

When looking at the potential capital gains offered to property investors over the last 3 years, Park Holme comes in at number 114th in SA.

LACK OF BUYER INTEREST may well be the reason that Park Holme is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 235th in terms of most discounted suburbs in SA

Renters in Suburb are facing rents around $22360 per annum or $430 every week.

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

A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.90%, without taking into account capital value appreciation, which has been averaging out at 0.07%.

Information supplied by:


July 2018

M
O

W
E

Apartments see a boost

Postcode: 5043

Median unit price: $403,000

Three-year growth: 16.9%

Rental yield: 4.5%

Just 8km from the Adelaide CBD, the suburb of Park Holme has buyers looking to grab a slice of the unit market pie.

Such properties are typically staying on the market for only 44 days, with vendors able to negotiate for discounts of 4.3%. Investors can gain 4.5% rental returns on average, and the current median price comes in at a little over $400,000 following a 6.3% increase in apartment prices in the 12 months to April 2018.

While it is a small suburb, Park Holme is effectively served by the M44 and 248 bus routes. The Ascot Park train station is located in the southern end. Ascot Park Primary School is also situated in Park Holme. The suburb is also highly accessible as it is surrounded by Hendrie Street, Oaklands Road, Tarranna Avenue and Marion Road, through which the Adelaide CBD can be reached.

Metrics i HOUSE UNIT
$527,500 $350,000
-0.47% N/A
3.84% N/A
3.16% 0.07%
$430 $330
56 15
4.24% 4.90%
72.3928571428571 55.3636363636364

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 2732
Median household income ($/weekly) 861
Median age of persons 40
Median housing loan repayment ($/monthly) 1800
Average household size 2.1
  • Census Count Percent(%)
    25-34 years 432 15.8
    35-44 years 343 12.6
    45-54 years 317 11.6
    55-64 years 334 12.2
    65-74 years 239 8.7
    Others 1067 39.1
    Age Group
    Census Count Percent(%)
    Not Married 1132 53.0
    Registered Married 796 37.3
    Defacto Relationship 206 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1849 72.5
    Croatia 89 3.5
    Philippines 48 1.9
    United Kingdom 142 5.6
    Other 130 5.1
    Others 294 11.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 3.2
    Christianity 1446 59.4
    Islam 74 3.0
    Other Religious Groups 35 1.4
    No Religion 771 31.7
    Others 32 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 127 11.6
    $400-$599 153 14.0
    $600-$799 137 12.6
    $1,000-$1,249 116 10.6
    $1,500-$1,999 124 11.4
    Others 434 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 942 42.5
    Employed, worked full-time 755 34.1
    Employed, worked part-time 363 16.4
    Unemployed, looking for work 86 3.9
    Employed, away from work 71 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 274 23.0
    Technicians & trades workers 163 13.7
    Community & personal service workers 130 10.9
    Clerical & administrative workers 200 16.8
    Sales 125 10.5
    Others 298 25.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 184 32.7
    Secondary 111 19.7
    Technical or Further Educational Institution 60 10.7
    University or other Tertiary Institutions 153 27.2
    Other type of educational institution 29 5.2
    Others 26 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1721 67.9
    Semi-detached, row or terrace house, townhouse 610 24.1
    Flat, unit or apartment 202 8.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 485 42.0
    Being purchased 338 29.3
    Fully owned 321 27.8
    Other tenure type 11 1.0
    Tenure Type
Census 2011, ABS
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