Suburb Profile Report for Hectorville SA (5073)

Hectorville House: Median price $580,000, Annual capital growth 3.58%, Number of sales 69, Weekly median advertised rent $390

Hectorville Unit: Median price $433,750, Annual capital growth 5.56%, Number of sales 57, Weekly median advertised rent $328

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

Investment property in Hectorville 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 5.45%

A 27.81% growth in median value for property investors in Hectorville,5073 puts this suburb at number 224th in terms of best performing suburbs in SA

Our latest figures would indicate that property sellers in Hectorville are currently offering property investors an average price cut of -5.06% below the asking price at the moment.

At number 1341 in a list of fastest selling suburbs, Hectorville is in the TOP 40% of suburbs in Australia with an average of days on market 62 for properties listed there.

Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 3.50%

If you compare the increase in value of investment property in Hectorville, 5073 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 16.60%.

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

Vendor discounting in Hectorville is giving property investors an average Vendor Discount of around -6.35%. This puts suburb at number 56th in SA when ranking the most discounted suburbs.

With the median price for a house in Hectorville being $433750 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 3.93%

Metrics i HOUSE UNIT
$580,000 $433,750
0.00% 16.60%
5.45% 16.60%
3.58% 5.56%
$390 $328
69 57
3.50% 3.93%
62 75.78

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3610
Median household income ($/weekly) 849
Median age of persons 39
Median housing loan repayment ($/monthly) 1486
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 368 10.2
    25-34 years 549 15.2
    35-44 years 529 14.7
    45-54 years 429 11.9
    65-74 years 365 10.1
    Others 1370 38.0
    Age Group
    Census Count Percent(%)
    Registered Married 1418 48.6
    Not Married 1319 45.2
    Defacto Relationship 183 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1977 56.6
    Croatia 121 3.5
    Indonesia 193 5.5
    Japan 561 16.1
    Other 181 5.2
    Others 462 13.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 2.8
    Christianity 2391 70.4
    Hinduism 119 3.5
    Other Religious Groups 93 2.7
    No Religion 632 18.6
    Others 65 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 160 11.1
    $400-$599 197 13.7
    $600-$799 180 12.5
    $800-$999 136 9.5
    $1,500-$1,999 152 10.6
    Others 614 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1237 42.2
    Employed, worked full-time 948 32.3
    Employed, worked part-time 555 18.9
    Unemployed, looking for work 115 3.9
    Employed, away from work 78 2.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 330 20.9
    Technicians & trades workers 201 12.7
    Community & personal service workers 165 10.5
    Clerical & administrative workers 277 17.6
    Labourers 173 11.0
    Others 432 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.0
    Infants/Primary 284 36.4
    Secondary 138 17.7
    Technical or Further Educational Institution 85 10.9
    University or other Tertiary Institutions 198 25.4
    Others 29 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2567 73.2
    Flat, unit or apartment 596 17.0
    Semi-detached, row or terrace house, townhouse 344 9.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 573 38.0
    Fully owned 569 37.7
    Being purchased 359 23.8
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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