Suburb Profile Report for Klemzig SA (5087)

Klemzig House: Median price $525,500, Annual capital growth 2.56%, Number of sales 88, Weekly median advertised rent $373

Klemzig Unit: Median price $238,875, Annual capital growth 0.72%, Number of sales 20, Weekly median advertised rent $273

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

Klemzig, 5087 ranked 216th in SA when comparing growth in median property values or capital gain over the last 12 months. Klemzig is one of 853 in our list for SA

If we look at median property appreciation over just the last three months, Klemzig has given property investors a paper return of 1.45%. This puts Suburb as 176 on a list of fastest fasting appreciating suburbs in SA

Property investors looking for a bargain in Klemzig should be aiming for at least -5.59% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1626 in a list of fastest selling suburbs, Klemzig is just in the top half of suburbs in Australia with an average of days on market 62.12 for properties listed there.

Advertised rents are around the $372.5 mark per week ā€“ giving a return of 3.69% based on the median price in Suburb

If you compare the increase in value of investment property in Klemzig, 5087 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -12.42%.

Across a shorter period, Klemzig, 5087 has seen a median price increase of -4.02% over the last quarter.

Our latest figures would indicate that property sellers in Klemzig are currently offering property investors an average price cut of -9.43% below the asking price at the moment.

At number 617 in a list of fastest selling suburbs, Klemzig is just in the top half of suburbs in Australia with an average of days on market 64.22 for properties listed there.

Klemzig is 12th on a list of best yielding suburbs for rents in SA with a 5.93% return

Information supplied by:


November 2018

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The Germans who originally settled in this Adelaide suburb gave it its moniker ā€“ fitting, given that Klemzig was the first German immigrant hub in the countryFull summary

Supply slides downwards

Postcode: 5087

Median unit price: $266,000

Stock on market: -18.2%

12-month growth: -7.1%

The Germans who originally settled in this Adelaide suburb gave it its moniker – fitting, given that Klemzig was the first German immigrant hub in the country.

Since then, it has become a hub for young families, primarily because of the presence of several schools in the vicinity, including Klemzig Primary School, Marden Senior College south of the suburb, Vale Park Primary School and Felixstow Community School. The Marden shopping centre is nearby as well.

In the August 2017-2018 period, the supply of property in Klemzig did not move significantly, but both houses and units recorded a drop in the number of properties on the market. In this period, the unit market suffered a 7.1% decrease in values, although the three months to August 2018 indicated some positive recovery, pushing the median price up to $266,000.

Close
Metrics i HOUSE UNIT
$525,500 $238,875
1.45% -4.02%
2.04% -12.42%
2.56% 0.72%
$373 $273
88 20
3.69% 5.93%
62.12 64.22

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5605
Median household income ($/weekly) 929
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 491 8.8
    25-34 years 1107 19.7
    35-44 years 743 13.3
    45-54 years 648 11.6
    55-64 years 505 9.0
    Others 2112 37.7
    Age Group
    Census Count Percent(%)
    Not Married 2127 48.0
    Registered Married 1970 44.4
    Defacto Relationship 335 7.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3411 63.7
    Croatia 262 4.9
    Indonesia 339 6.3
    Japan 260 4.9
    Other 330 6.2
    Others 754 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 121 2.4
    Christianity 3085 60.8
    Hinduism 267 5.3
    Islam 151 3.0
    No Religion 1355 26.7
    Others 95 1.9
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 229 10.2
    $400-$599 305 13.6
    $600-$799 234 10.5
    $800-$999 240 10.7
    $1,500-$1,999 244 10.9
    Others 987 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1815 40.0
    Employed, worked full-time 1571 34.7
    Employed, worked part-time 817 18.0
    Employed, away from work 167 3.7
    Unemployed, looking for work 163 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 658 25.8
    Technicians & trades workers 339 13.3
    Community & personal service workers 280 11.0
    Clerical & administrative workers 377 14.8
    Labourers 269 10.5
    Others 630 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 59 4.8
    Infants/Primary 344 27.9
    Secondary 225 18.2
    Technical or Further Educational Institution 154 12.5
    University or other Tertiary Institutions 403 32.6
    Others 50 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4063 76.5
    Flat, unit or apartment 761 14.3
    Semi-detached, row or terrace house, townhouse 490 9.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 947 40.1
    Fully owned 759 32.1
    Being purchased 639 27.0
    Other tenure type 19 0.8
    Tenure Type
Census 2011, ABS
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