Suburb Profile Report for Somerton Park SA (5044)

Somerton Park House: Median price $847,500, Annual capital growth 4.08%, Number of sales 75, Weekly median advertised rent $488

Somerton Park Unit: Median price $401,000, Annual capital growth 3.09%, Number of sales 48, Weekly median advertised rent $318

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

SA has seen average median house prices change by 2.55% which means that Somerton Park, 5044 has done well for property investors by showing a capital gain of 10.74% over the last year

Across a shorter period, Somerton Park, 5044 has seen a median price increase of 5.74% over the last quarter.

Our latest figures would indicate that property sellers in Somerton Park are currently offering property investors an average price cut of -5.24% below the asking price at the moment.

Property investors should expect to get $487.5 weekly from the median priced house in this suburb.

At number 1646th in the list of Australian suburbs ordered by increase in median house value over the last year, Somerton Park, 5044 is in the BOTTOM 10% with a property value increase of -15.76% recorded in median house prices.

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

The most recent median price for Somerton Park is $401000, with sellers offering an average of -4.57% off the asking price.

On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.

Metrics i HOUSE UNIT
$847,500 $401,000
5.74% -1.96%
10.74% -15.76%
4.08% 3.09%
$488 $318
75 48
2.99% 4.12%
58.55 72.95

Source: CoreLogic

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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Recent sales & rentals