Suburb Profile Report for Ridgehaven SA (5097)

Ridgehaven House: Median price $389,000, Annual capital growth 3.15%, Number of sales 73, Weekly median advertised rent $330

Ridgehaven Unit: Median price $325,000, Annual capital growth 4.67%, Number of sales 22, Weekly median advertised rent $290

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

With a capital gain of 9.58% for the last 12 months, Ridgehaven, 5097 has performed for property investments than its average annual 3.15% property growth over the last 5 years.

A 17.88% growth in median value for property investors in Ridgehaven,5097 puts this suburb at number 49th in terms of best performing suburbs in SA

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.30% offered to property buyers. Sellers in Ridgehaven itself are offering an average vendor discount of -5.98% to real estate investors.

In the last year 73 properties changed hands in Ridgehaven, which puts it as the 92th most active market in SA when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 3.15%, investors should hope to achieve an overall return of 4.41%

Ridgehaven has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 19.71% to date .

Ridgehaven,5097 was ranked 1443 in Australia by increase in median property value over the quarter.

With the median price for a house in Ridgehaven being $325000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.64%

Metrics i HOUSE UNIT
$389,000 $325,000
5.71% -4.27%
9.58% 19.71%
3.15% 4.67%
$330 $290
73 22
4.41% 4.64%
74.64 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (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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