Suburb Profile Report for Elizabeth South SA (5112)

Elizabeth South House: Median price $166,300, Annual capital growth -1.13%, Number of sales 34, Weekly median advertised rent $250

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Elizabeth South, 5112 have given investors a capital gain of 0.00%. This compares badly with the 2.25% for SA as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Elizabeth South comes in at number 375th in SA.

Property buyers and investors in Elizabeth South 5112 should be seeing an average reduction in asking price of around -5.88% . This means that Elizabeth South is holding prices well when compared to other suburbs in SA.

Advertised rents are around the $250 mark per week – giving a return of 8.13% based on the median price in Suburb

Information supplied by:


October 2018

M
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Remarkably low prices and high yields

Postcode: 5112

Median unit price: $141,750

Three-year growth: 5.2%

Rental yield: 8.1%

Conceived as one of the first suburbs to be part of the planned City of Elizabeth, Elizabeth South is composed of residences in the north and businesses south of Hogarth Road, including manufacturing for the defence sector. The suburb’s commercial hub is located in the residential half, with shops, a supermarket, bank and other amenities. Elizabeth South is also bounded in the west by the Gawler railway line.

This suburb is one of the lowest-priced suburbs in SA, with the median value for apartments coming in at under $150,000. However, despite a slight drop  of 2.2% in the three months to July 2018, Elizabeth South has recorded consistent positive growth since 2013. Moreover, investors are likely to be drawn to the incredibly high average rental return of 8.1%. Thus, units generally do not stay on the market for more than two months.

Metrics i HOUSE UNIT
$166,300 N/A
-3.79% N/A
0.00% N/A
-1.13% N/A
$250 N/A
34 N/A
8.13% N/A
39.357143 N/A

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2869
Median household income ($/weekly) 551
Median age of persons 36
Median housing loan repayment ($/monthly) 975
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 408 14.2
    25-34 years 312 10.9
    35-44 years 354 12.3
    45-54 years 396 13.8
    55-64 years 272 9.5
    Others 1127 39.3
    Age Group
    Census Count Percent(%)
    Not Married 1295 62.4
    Registered Married 605 29.2
    Defacto Relationship 175 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1966 74.2
    Japan 24 0.9
    Philippines 22 0.8
    United Kingdom 307 11.6
    Other 179 6.8
    Others 150 5.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 2.0
    Christianity 1344 56.0
    Hinduism 20 0.8
    Islam 62 2.6
    No Religion 908 37.8
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 97 9.0
    $300-$399 231 21.4
    $400-$599 213 19.8
    $600-$799 166 15.4
    $800-$999 92 8.5
    Others 278 25.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1262 61.4
    Employed, worked full-time 366 17.8
    Employed, worked part-time 236 11.5
    Unemployed, looking for work 148 7.2
    Employed, away from work 45 2.2
    Person Characteristics
  • Census Count Percent(%)
    Community & personal service workers 76 11.7
    Clerical & administrative workers 67 10.3
    Sales 64 9.8
    Machinery operators & drivers 109 16.8
    Labourers 178 27.4
    Others 156 24.0
    Occupation
    Census Count Percent(%)
    Pre-school 43 7.0
    Infants/Primary 247 40.2
    Secondary 189 30.8
    Technical or Further Educational Institution 69 11.2
    University or other Tertiary Institutions 47 7.7
    Others 19 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Semi-detached, row or terrace house, townhouse 1365 50.3
    Separate house 1247 45.9
    Flat, unit or apartment 102 3.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 717 61.4
    Fully owned 223 19.1
    Being purchased 223 19.1
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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