Suburb Profile Report for Myrtle Bank SA (5064)

Myrtle Bank House: Median price $987,000, Annual capital growth 4.21%, Number of sales 36, Weekly median advertised rent $470

Myrtle Bank Unit: Median price $470,000, Annual capital growth 3.93%, Number of sales 13, Weekly median advertised rent $350

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

Property investors who have had real estate in Myrtle Bank, 5064 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.90%

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Myrtle Bank itself are offering an average vendor discount of -9.59% to real estate investors.

Situated 4.55km from the CBD, Myrtle Bank is one of Unley localities in the postcode 5064.

Myrtle Bank, 5064 ranked 37th in SA when comparing growth in median property values or capital gain over the last 12 months. Myrtle Bank is one of 853 in our list for SA

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Myrtle Bank, 5064. Typically our figures indicate that -8.26% is being offered, which puts this SA suburb at 151th most discounted overall in Australia.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

Renters in Suburb are facing rents around $18200 per annum or $350 every week.

Metrics i HOUSE UNIT
$987,000 $470,000
N/A N/A
5.90% 12.17%
4.21% 3.93%
$470 $350
36 13
2.48% 3.87%
65 62.83

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2939
Median household income ($/weekly) 1379
Median age of persons 50
Median housing loan repayment ($/monthly) 2167
Average household size 2.3
  • Census Count Percent(%)
    35-44 years 317 10.8
    45-54 years 342 11.6
    55-64 years 350 11.9
    75-84 years 344 11.7
    85 years and over 412 14.0
    Others 1174 39.9
    Age Group
    Census Count Percent(%)
    Registered Married 1066 53.3
    Not Married 825 41.3
    Defacto Relationship 109 5.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2132 77.1
    Croatia 33 1.2
    Indonesia 39 1.4
    United Kingdom 221 8.0
    Other 90 3.3
    Others 250 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.5
    Christianity 1814 68.9
    Hinduism 25 0.9
    Islam 23 0.9
    No Religion 706 26.8
    Others 26 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 10.9
    $600-$799 79 8.1
    $1,250-$1,499 88 9.1
    $1,500-$1,999 111 11.4
    $2,500-$2,999 108 11.1
    Others 479 49.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1202 49.7
    Employed, worked full-time 676 28.0
    Employed, worked part-time 432 17.9
    Employed, away from work 55 2.3
    Unemployed, looking for work 52 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 170 14.5
    Professionals 469 40.1
    Technicians & trades workers 96 8.2
    Clerical & administrative workers 145 12.4
    Sales 119 10.2
    Others 170 14.5
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.6
    Infants/Primary 226 34.7
    Secondary 164 25.2
    Technical or Further Educational Institution 32 4.9
    University or other Tertiary Institutions 182 28.0
    Others 17 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1817 73.9
    Semi-detached, row or terrace house, townhouse 364 14.8
    Flat, unit or apartment 278 11.3
    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 440 42.1
    Being purchased 277 26.5
    Rented 198 19.0
    Other tenure type 129 12.4
    Tenure Type
Census 2011, ABS
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