Suburb Profile Report for Reynella SA (5161)

Reynella House: Median price $330,000, Annual capital growth 0.96%, Number of sales 85, Weekly median advertised rent $340

Reynella Unit: Median price $230,000, Annual capital growth -1.12%, Number of sales 11, Weekly median advertised rent $295

  • 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
  • Unit Report

Property investors who have had real estate in Reynella, 5161 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.00%

If we look at median property appreciation over just the last three months, Reynella has given property investors a paper return of 0.00%. This puts Suburb as 229 on a list of fastest fasting appreciating suburbs in SA

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Reynella itself are offering an average vendor discount of -6.87% to real estate investors.

The five-year average increase in median property values for Reynella,5161 has given property investors a potential capital gain of 10.84% across each of those five years.

Property investors should expect to get $295 weekly from the median priced house in this suburb.

Information supplied by:




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Reynella, SA – Supply of houses inches upwards

Postcode: 5161

Median house price: $330,000

Stock on market: 11.4%

12-month growth: 3.1%

Originally a large suburb that included Old Reynella and Reynella East, the metropolitan suburb of Reynella is part of the districts of Mawson and Mitchell in Adelaide and is popularly known as the site of the Junk Food Junction, as branches of all the major fast food outlets once congregated at the intersection of South Road, Adelaide and Pimpala Road.

The suburb is served by Adelaide Metro buses, and Sheriffs Road is linked to the Southern Expressway. Nearby shopping hubs are Westfield Marion, Centro Colonnades and the Southgate Plaza in Morphett Vale. This easy access to transit and shopping makes this a prime area for property buyers.

The number of properties in the suburb increased by 11.4% in the 12 months to June 2019. House values were also up by 3.1%.

 

Metrics i HOUSE UNIT
$330,000 $230,000
0.00% N/A
-2.00% N/A
0.96% -1.12%
$340 $295
85 11
5.36% 6.67%
41.8225806451613 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 : Very good (H), Above average (U)
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Demographics
Total population 4461
Median household income ($/weekly) 958
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 500 11.2
    25-34 years 703 15.8
    35-44 years 546 12.2
    45-54 years 598 13.4
    55-64 years 586 13.1
    Others 1528 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 1523 45.0
    Not Married 1445 42.7
    Defacto Relationship 418 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 3387 79.4
    Greece 41 1.0
    Papua New Guinea 64 1.5
    United Kingdom 414 9.7
    Other 112 2.6
    Others 250 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 2326 59.2
    Islam 34 0.9
    Other Religious Groups 47 1.2
    No Religion 1480 37.7
    Others 11 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 235 14.5
    $600-$799 202 12.4
    $800-$999 198 12.2
    $1,000-$1,249 223 13.7
    $1,500-$1,999 187 11.5
    Others 581 35.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1277 36.3
    Not in the labour force 1256 35.7
    Employed, worked part-time 679 19.3
    Unemployed, looking for work 159 4.5
    Employed, away from work 148 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 244 11.6
    Technicians & trades workers 418 19.9
    Community & personal service workers 256 12.2
    Clerical & administrative workers 331 15.7
    Labourers 276 13.1
    Others 579 27.5
    Occupation
    Census Count Percent(%)
    Pre-school 55 6.0
    Infants/Primary 345 37.8
    Secondary 231 25.3
    Technical or Further Educational Institution 110 12.1
    University or other Tertiary Institutions 141 15.5
    Others 30 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3949 93.7
    Semi-detached, row or terrace house, townhouse 137 3.3
    Flat, unit or apartment 128 3.0
    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 797 45.7
    Fully owned 585 33.5
    Rented 349 20.0
    Other tenure type 14 0.8
    Tenure Type
Census 2011, ABS
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