Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $400,000, Annual capital growth 2.30%, Number of sales 52, Weekly median advertised rent $348

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

Over the last year, property investments in Ridgehaven, 5097 have given investors a capital gain of 1.27%. This compares averagely with the 1.79% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Ridgehaven comes in at number 70th in SA.

In the last year 52 properties changed hands in Ridgehaven, which puts it as the 129th most active market in SA when comparing the number of sales per suburb.

Ridgehaven, 5097’s gross rental yield is 4.52%

Information supplied by:


April 2019

M
O

W
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Rental market tightens

Postcode: 5097

Median unit price: $269,000

Vacancy rate: 0.5%

Three-year growth: 1.5%

One of the north-eastern suburbs located 15km from the Adelaide CBD, Ridgehaven was first developed in the 1950s, with the majority of housing construction happening over the 1960s.

Tenants will struggle to find properties open for rent here, as the vacancy rate tightened from 0.8% to 0.5% in the year to March 2019. The weekly average rent rate as of January 2019 comes in at $300, with investors able to reap high returns of 5.8% on average.

Ridgehaven Primary School is situated on Milne Road, which is the northern boundary of the suburb. Shopping and entertainment facilities can also be found in each corner of Ridgehaven, and the O-Bahn transport system is close by. Moreover, Henley Beach is less than an hour away by car, and there are cycling and walking paths lining the suburb and passing through the local parklands.

Metrics i HOUSE UNIT
$400,000 N/A
0.00% N/A
1.27% N/A
2.30% N/A
$348 N/A
52 N/A
4.52% N/A
53.6129032258065 N/A

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3880
Median household income ($/weekly) 964
Median age of persons 42
Median housing loan repayment ($/monthly) 1430
Average household size 2.3
  • Census Count Percent(%)
    25-34 years 501 12.9
    35-44 years 519 13.4
    45-54 years 419 10.8
    55-64 years 456 11.7
    65-74 years 431 11.1
    Others 1555 40.1
    Age Group
    Census Count Percent(%)
    Registered Married 1451 49.5
    Not Married 1215 41.4
    Defacto Relationship 267 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2825 76.0
    Greece 50 1.3
    Japan 39 1.0
    United Kingdom 449 12.1
    Other 108 2.9
    Others 245 6.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.6
    Christianity 2323 66.9
    Islam 19 0.5
    Other Religious Groups 39 1.1
    No Religion 1051 30.3
    Others 19 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 154 10.4
    $400-$599 220 14.8
    $600-$799 175 11.8
    $800-$999 159 10.7
    $1,500-$1,999 181 12.2
    Others 598 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1279 41.7
    Employed, worked full-time 1050 34.2
    Employed, worked part-time 539 17.6
    Employed, away from work 108 3.5
    Unemployed, looking for work 94 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 274 16.1
    Technicians & trades workers 300 17.7
    Community & personal service workers 171 10.1
    Clerical & administrative workers 291 17.1
    Labourers 173 10.2
    Others 490 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 47 6.2
    Infants/Primary 315 41.5
    Secondary 162 21.3
    Technical or Further Educational Institution 84 11.1
    University or other Tertiary Institutions 123 16.2
    Others 28 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3044 83.9
    Flat, unit or apartment 500 13.8
    Semi-detached, row or terrace house, townhouse 83 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 614 39.4
    Fully owned 546 35.0
    Rented 334 21.4
    Other tenure type 65 4.2
    Tenure Type
Census 2011, ABS
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