Suburb Profile Report for Hyde Park SA (5061)

Hyde Park House: Median price $1,485,000, Annual capital growth 4.74%, Number of sales 29, Weekly median advertised rent $595

Hyde Park Unit: Median price $600,000, Annual capital growth 2.19%, Number of sales 18, Weekly median advertised rent $360

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

Over the last year, property investments in Hyde Park, 5061 have given investors a capital gain of 18.80%. This compares very favourably with the 2.55% for SA as a whole.

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

The most recent median price for Hyde Park is $1485000, with sellers offering an average of -8.95% off the asking price.

Often selling an investment property can take time, and in Hyde Park the average time real estate has been on the market is 63.4 days.

Advertised rents are around the $595 mark per week – giving a return of 2.08% based on the median price in Suburb

Property value increases in Hyde Park have tracked lower than the SA average of 3.07% over the last 12 months.

Hyde Park,5061 was ranked 71 in Australia by increase in median property value over the quarter.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.10% offered to property buyers. Sellers in Hyde Park itself are offering an average vendor discount of -1.75% to real estate investors.

Residents and property investors in Hyde Park have been waiting around 54.85 days to sell a property.

Hyde Park is 192th on a list of best yielding suburbs for rents in SA with a 3.12% return

YIP MAG Information supplied by:

YIP MAG
June 2016

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In Adelaide’s inner south, a tightening vacancy rate is about the best thing Hyde Park has to offer right now.Full summary In Adelaide’s inner south, a tightening vacancy rate is about the best thing Hyde Park has to offer right now.

According to Real Estate Investar, the vacancy rate in Hyde Park has tightened over the past year from 2.63% to 1.8%.

While that may be good news for landlords in the suburb, those hoping for strong capital growth have likely come away disappointed over the same period.

While the median house price in Hyde Park is a respectable $1,040,000, it has fallen 6% in the past 12 months.

Units in the suburb are much more affordable, with a median price of $430,500, though they have been hit by a fall of 12% in the past year.

The better affordability offered by units is helping them sell more quickly than houses.

Units in Hyde Park are spending, on average, 41 days on the market, compared to 63 days for houses.Close
Metrics i HOUSE UNIT
$1,485,000 $600,000
N/A 11.52%
18.80% -11.24%
4.74% 2.19%
$595 $360
29 18
2.08% 3.12%
63.4 54.85

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 1781
Median household income ($/weekly) 1710
Median age of persons 39
Median housing loan repayment ($/monthly) 2160
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 209 11.7
    25-34 years 249 14.0
    35-44 years 223 12.5
    45-54 years 255 14.3
    55-64 years 246 13.8
    Others 600 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 667 49.3
    Not Married 570 42.1
    Defacto Relationship 116 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1287 74.7
    Hong Kong 23 1.3
    Indonesia 40 2.3
    United Kingdom 126 7.3
    Other 76 4.4
    Others 172 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 29 1.8
    Christianity 1026 62.3
    Hinduism 50 3.0
    Other Religious Groups 22 1.3
    No Religion 499 30.3
    Others 22 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 90 14.0
    $2,000-$2,499 51 7.9
    $2,500-$2,999 83 12.9
    $3,000-$3,499 50 7.8
    $4,000 or more 62 9.6
    Others 309 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 589 40.5
    Not in the labour force 450 30.9
    Employed, worked part-time 315 21.6
    Employed, away from work 55 3.8
    Unemployed, looking for work 46 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 177 18.5
    Professionals 371 38.7
    Community & personal service workers 69 7.2
    Clerical & administrative workers 112 11.7
    Sales 93 9.7
    Others 136 14.2
    Occupation
    Census Count Percent(%)
    Pre-school 25 5.0
    Infants/Primary 150 29.9
    Secondary 126 25.1
    Technical or Further Educational Institution 36 7.2
    University or other Tertiary Institutions 155 30.9
    Others 9 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1230 74.4
    Semi-detached, row or terrace house, townhouse 329 19.9
    Flat, unit or apartment 95 5.7
    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 245 34.9
    Being purchased 228 32.4
    Rented 224 31.9
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals