Suburb Profile Report for Smithfield SA (5114)

Smithfield House: Median price $260,000, Annual capital growth 0.37%, Number of sales 44, Weekly median advertised rent $290

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Smithfield is in the TOP 30% in SA when comparing median price capital growth over the last year. Smithfield gave property investors a good capital gain figure when compared to the rest of the state, with 14.29%.

Taking the average capital gain, or increase in median house value, Smithfield,5114 has racked up an average of 14.29% over the period. This ranks it number 3861th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.80%, without taking into account capital value appreciation, which has been averaging out at 0.37%.

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Located around 30km north of the Adelaide CBD, Smithfield is certainly one to watch according to Century 21 chief Charles Tarbey.

“Smithfield is growing quickly, supported by significant government investment in the area, for example the recently opened Northern Express super highway which links the suburb to the CBD,” he says.

“Currently the area has a number of residential developments under construction, along with new schools, shopping and medical facilities. With the RAAF base expanding into the area – bringing 4,000 personnel and their families – there is great investment potential in the area.”

Add to this an eminently affordable median house price tag, and Smithfield certainly looks like an attractive option.

Smithfield’s vacancy rate has crept up to above 3% in recent times, according to SQM Research, but the influx of defence personnel into the area should help to bring this down.

Smithfield does well for amenities, with the Munno Parra Shopping City being in the suburb, and has its own train station that offers 40-minute trips into the centre of the city.

Metrics i HOUSE UNIT
$260,000 N/A
0.00% N/A
14.29% N/A
0.37% N/A
$290 N/A
44 N/A
5.80% N/A
68.7142857142857 N/A

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 2093
Median household income ($/weekly) 747
Median age of persons 34
Median housing loan repayment ($/monthly) 1235
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 257 12.3
    25-34 years 297 14.2
    35-44 years 245 11.7
    45-54 years 257 12.3
    55-64 years 220 10.5
    Others 818 39.1
    Age Group
    Census Count Percent(%)
    Not Married 772 52.1
    Registered Married 527 35.5
    Defacto Relationship 184 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1409 72.9
    Greece 16 0.8
    Papua New Guinea 19 1.0
    United Kingdom 267 13.8
    Other 130 6.7
    Others 93 4.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 4 0.2
    Christianity 1081 59.3
    Islam 53 2.9
    Other Religious Groups 10 0.5
    No Religion 672 36.9
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 73 10.4
    $400-$599 118 16.7
    $600-$799 105 14.9
    $800-$999 79 11.2
    $1,000-$1,249 80 11.3
    Others 250 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 758 49.3
    Employed, worked full-time 427 27.8
    Employed, worked part-time 221 14.4
    Unemployed, looking for work 94 6.1
    Employed, away from work 36 2.3
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 88 12.8
    Clerical & administrative workers 88 12.8
    Sales 89 12.9
    Machinery operators & drivers 103 15.0
    Labourers 125 18.2
    Others 195 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 28 6.9
    Infants/Primary 161 39.8
    Secondary 100 24.7
    Technical or Further Educational Institution 67 16.5
    University or other Tertiary Institutions 29 7.2
    Others 20 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1401 72.9
    Semi-detached, row or terrace house, townhouse 500 26.0
    Flat, unit or apartment 20 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 416 54.7
    Being purchased 247 32.5
    Fully owned 98 12.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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