Suburb Profile Report for Somerton Park SA (5044)

Somerton Park House: Median price $995,000, Annual capital growth 4.39%, Number of sales 95, Weekly median advertised rent $510

Somerton Park Unit: Median price $440,000, Annual capital growth 2.66%, Number of sales 55, Weekly median advertised rent $350

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

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

  • House Report
  • Unit Report

Over the last year, property investments in Somerton Park, 5044 have given investors a capital gain of 8.15%. This compares badly with the 10.08% for SA as a whole.

Over the longer term, Somerton Park has seen property prices show investors a 13.45% return over the last 3 years. This is worse than over the last 12 months

Somerton Park, 5044 is offering SA ‘s 61th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this SA.

Situated 10.59km from the CBD, Somerton Park is one of Holdfast Bay (C) localities in the postcode 5044.

SA has seen average median house prices change by 4.52% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 3.53% over the last year

Somerton Park,5044 was ranked 356 in Australia by increase in median property value over the quarter.

At number 20th of SA’s most discounted properties, Somerton Park is in the TOP 40% of the state/territory when listing in order of most discounted to least.

In the last year 55 properties changed hands in Somerton Park, which puts it as the 21th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.66%, investors should hope to achieve an overall return of 4.14%

Metrics i HOUSE UNIT
$995,000 $440,000
-0.13% 6.15%
8.15% 3.53%
4.39% 2.66%
$510 $350
95 55
2.67% 4.14%
63.1860465116279 65.3846153846154

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. 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 5387
Median household income ($/weekly) 1105
Median age of persons 46
Median housing loan repayment ($/monthly) 1950
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 504 9.4
    35-44 years 634 11.8
    45-54 years 796 14.8
    55-64 years 716 13.3
    65-74 years 492 9.1
    Others 2246 41.7
    Age Group
    Census Count Percent(%)
    Registered Married 1944 47.2
    Not Married 1863 45.2
    Defacto Relationship 313 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4102 79.9
    Greece 46 0.9
    Papua New Guinea 53 1.0
    United Kingdom 478 9.3
    Other 144 2.8
    Others 311 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.0
    Christianity 3482 71.1
    Hinduism 20 0.4
    Islam 32 0.7
    No Religion 1293 26.4
    Others 21 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 187 9.1
    $400-$599 241 11.7
    $600-$799 188 9.2
    $800-$999 182 8.9
    $1,500-$1,999 201 9.8
    Others 1055 51.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1842 41.2
    Employed, worked full-time 1436 32.1
    Employed, worked part-time 924 20.7
    Employed, away from work 163 3.6
    Unemployed, looking for work 103 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 377 14.9
    Professionals 712 28.2
    Technicians & trades workers 278 11.0
    Community & personal service workers 274 10.9
    Clerical & administrative workers 403 16.0
    Others 479 19.0
    Occupation
    Census Count Percent(%)
    Pre-school 52 4.3
    Infants/Primary 349 28.7
    Secondary 379 31.2
    Technical or Further Educational Institution 79 6.5
    University or other Tertiary Institutions 311 25.6
    Others 45 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3463 70.6
    Flat, unit or apartment 872 17.8
    Semi-detached, row or terrace house, townhouse 569 11.6
    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 873 39.8
    Rented 614 28.0
    Being purchased 613 28.0
    Other tenure type 92 4.2
    Tenure Type
Census 2011, ABS
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