Suburb Profile Report for Greenacres SA (5086)

Greenacres House: Median price $451,000, Annual capital growth 2.31%, Number of sales 52, Weekly median advertised rent $400

  • 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.

  • House Report

SA has seen average median house prices change by 2.10% which means that Greenacres, 5086 has done well for property investors by showing a capital gain of -5.05% over the last year

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

Property investors looking for a bargain in Greenacres should be aiming for at least -7.71% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Greenacres have been waiting around 73.0385 days to sell a property.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 2.31%, investors should hope to achieve an overall return of 4.61%

Metrics i HOUSE UNIT
$451,000 N/A
-2.59% N/A
-5.05% N/A
2.31% N/A
$400 N/A
52 N/A
4.61% N/A
73.0384615384615 N/A

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 : Above average (H), Above average (U)
Find a mortgage broker in Greenacres SA
Demographics
Total population 2410
Median household income ($/weekly) 927
Median age of persons 32
Median housing loan repayment ($/monthly) 1538
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 238 9.9
    20-24 years 238 9.9
    25-34 years 525 21.8
    35-44 years 320 13.3
    45-54 years 292 12.1
    Others 796 33.0
    Age Group
    Census Count Percent(%)
    Not Married 912 49.4
    Registered Married 730 39.6
    Defacto Relationship 203 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1523 67.2
    Croatia 63 2.8
    Indonesia 167 7.4
    United Kingdom 117 5.2
    Other 121 5.3
    Others 275 12.1
    Country of Birth
    Census Count Percent(%)
    Christianity 1222 56.2
    Hinduism 91 4.2
    Islam 90 4.1
    Other Religious Groups 74 3.4
    No Religion 640 29.4
    Others 59 2.7
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 95 10.4
    $400-$599 107 11.7
    $600-$799 115 12.6
    $1,000-$1,249 95 10.4
    $1,500-$1,999 108 11.8
    Others 395 43.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 686 36.4
    Employed, worked full-time 684 36.3
    Employed, worked part-time 348 18.5
    Unemployed, looking for work 97 5.1
    Employed, away from work 70 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 224 20.4
    Technicians & trades workers 148 13.5
    Community & personal service workers 117 10.6
    Clerical & administrative workers 184 16.7
    Labourers 131 11.9
    Others 295 26.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 161 29.9
    Secondary 103 19.1
    Technical or Further Educational Institution 83 15.4
    University or other Tertiary Institutions 131 24.3
    Other type of educational institution 34 6.3
    Others 27 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1793 78.1
    Flat, unit or apartment 301 13.1
    Semi-detached, row or terrace house, townhouse 202 8.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 471 48.1
    Being purchased 287 29.3
    Fully owned 215 22.0
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
Chart Table