Suburb Profile Report for Warradale SA (5046)

Warradale House: Median price $571,750, Annual capital growth 2.97%, Number of sales 104, Weekly median advertised rent $450

Warradale Unit: Median price $345,000, Annual capital growth 3.12%, Number of sales 22, Weekly median advertised rent $335

  • 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

Property investors who have had real estate in Warradale, 5046 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.42%

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

Our latest figures would indicate that property sellers in Warradale are currently offering property investors an average price cut of -5.43% below the asking price at the moment.

Advertised rents are around the $450 mark per week – giving a return of 4.09% based on the median price in Suburb

Investment property in Warradale 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 -2.54%

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

Sellers are offering property buyers an average discount of -6.52% to buyers in Warradale at the moment, which is less than average for the rest of SA.

With the median price for a house in Warradale being $345000 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 5.05%

Information supplied by:


March 2017

M
O

W
E

Units gain ground in southwest city suburb

Median unit price: $426,000

Three-year growth: 0.24%

Rental yield: 4.15%

The suburb of Warradale is situated in the southwestern part of Adelaide. It has maintained a stable growth trend over recent years, logging an average annual growth rate of 5.34% as of December 2016.

In this quarter, the unit market recorded a high 7% increase in prices, bringing the median price to $426,000. This is up from the 0.24% rise reported three years ago. Apartments are also selling at an average of approximately 4%, indicating that there is reasonable demand. Indeed, the vacancy rate in Warradale is a low 1.4%.

Interest in this suburb may be because it is just over 10km from the CBD. It is also only minutes from West Beach, offering occupants both relaxation and convenience. Commuters are able to easily travel via train and bus, and the suburb is linked to many roads. Warradale is within several school zones, including Brighton High School and Seaview High.
 

Metrics i HOUSE UNIT
$571,750 $345,000
-0.57% 0.73%
-1.42% -2.54%
2.97% 3.12%
$450 $335
104 22
4.09% 5.05%
68.4603174603175 58.875

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 : Good (H), Good (U)
Find a mortgage broker in Warradale SA
Demographics
Total population 4722
Median household income ($/weekly) 1073
Median age of persons 43
Median housing loan repayment ($/monthly) 1625
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 454 9.6
    25-34 years 607 12.9
    35-44 years 579 12.3
    45-54 years 639 13.5
    55-64 years 598 12.7
    Others 1845 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 1744 47.0
    Not Married 1635 44.0
    Defacto Relationship 334 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3683 81.1
    Indonesia 45 1.0
    Japan 43 0.9
    United Kingdom 329 7.2
    Other 106 2.3
    Others 335 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 1.0
    Christianity 2831 65.4
    Hinduism 39 0.9
    Islam 33 0.8
    No Religion 1362 31.4
    Others 21 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 164 9.0
    $400-$599 241 13.2
    $600-$799 207 11.4
    $1,500-$1,999 206 11.3
    $2,000-$2,499 199 10.9
    Others 804 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1451 37.5
    Employed, worked full-time 1374 35.5
    Employed, worked part-time 775 20.0
    Employed, away from work 144 3.7
    Unemployed, looking for work 126 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 237 10.3
    Professionals 540 23.5
    Technicians & trades workers 296 12.9
    Community & personal service workers 274 11.9
    Clerical & administrative workers 397 17.3
    Others 549 23.9
    Occupation
    Census Count Percent(%)
    Pre-school 55 5.5
    Infants/Primary 353 35.2
    Secondary 252 25.1
    Technical or Further Educational Institution 100 10.0
    University or other Tertiary Institutions 218 21.7
    Others 25 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3576 80.1
    Semi-detached, row or terrace house, townhouse 658 14.7
    Flat, unit or apartment 233 5.2
    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 809 41.6
    Being purchased 682 35.1
    Rented 436 22.4
    Other tenure type 18 0.9
    Tenure Type
Census 2011, ABS
Chart Table