Suburb Profile Report for Hallett Cove SA (5158)

Hallett Cove House: Median price $473,000, Annual capital growth 2.90%, Number of sales 258, Weekly median advertised rent $378

Hallett Cove Unit: Median price $312,500, Annual capital growth 1.76%, Number of sales 15, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Hallett Cove, 5158 should be relatively pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.11%

Hallett Cove,5158 was ranked 2121 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Hallett Cove is offering property investors an average of -6.08. This rate of discount on properties puts Suburb at number 182th in terms of most discounted suburbs in SA

A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 4.15%, without taking into account capital value appreciation, which has been averaging out at 2.90%.

Hallett Cove, 5158 ranked 143th in SA when comparing growth in median property values or capital gain over the last 12 months. Hallett Cove is one of 853 in our list for SA

The five-year average increase in median property values for Hallett Cove,5158 has given property investors a potential capital gain of 6.84% across each of those five years.

Vendor discounting in Hallett Cove is giving property investors an average Vendor Discount of around -5.92%. This puts suburb at number 72th in SA when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Hallett Cove the average time real estate has been on the market is 60.71 days.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 1.76%, investors should hope to achieve an overall return of 4.99%

Metrics i HOUSE UNIT
$473,000 $312,500
0.37% N/A
8.11% -6.72%
2.90% 1.76%
$378 $300
258 15
4.15% 4.99%
66.56 60.71

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Hallett Cove SA
Demographics
Total population 12256
Median household income ($/weekly) 1465
Median age of persons 40
Median housing loan repayment ($/monthly) 1600
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1522 12.4
    25-34 years 1241 10.1
    35-44 years 1659 13.5
    45-54 years 2146 17.5
    55-64 years 1879 15.3
    Others 3810 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 5428 57.7
    Not Married 3250 34.5
    Defacto Relationship 731 7.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 7967 67.0
    Papua New Guinea 141 1.2
    South Africa 216 1.8
    United Kingdom 2203 18.5
    Other 354 3.0
    Others 1016 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 99 0.9
    Christianity 7292 65.4
    Islam 51 0.5
    Other Religious Groups 83 0.7
    No Religion 3575 32.1
    Others 45 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 336 8.5
    $1,000-$1,249 356 9.0
    $1,500-$1,999 610 15.5
    $2,000-$2,499 535 13.6
    $2,500-$2,999 365 9.3
    Others 1737 44.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4021 41.3
    Not in the labour force 2707 27.8
    Employed, worked part-time 2340 24.0
    Employed, away from work 381 3.9
    Unemployed, looking for work 298 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1332 19.8
    Technicians & trades workers 1117 16.6
    Community & personal service workers 740 11.0
    Clerical & administrative workers 1186 17.6
    Sales 744 11.0
    Others 1623 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 161 5.4
    Infants/Primary 1103 36.8
    Secondary 836 27.9
    Technical or Further Educational Institution 279 9.3
    University or other Tertiary Institutions 541 18.1
    Others 76 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11336 96.9
    Semi-detached, row or terrace house, townhouse 264 2.3
    Flat, unit or apartment 98 0.8
    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 2110 48.8
    Fully owned 1565 36.2
    Rented 637 14.7
    Other tenure type 9 0.2
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals