Suburb Profile Report for Two Wells SA (5501)

Two Wells House: Median price $273,000, Annual capital growth 0.28%, Number of sales 64, Weekly median advertised rent $430

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in Two Wells has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.21%

The five-year average increase in median property values for Two Wells,5501 has given property investors a potential capital gain of -26.22% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Two Wells, 5501. Typically our figures indicate that -5.16% is being offered, which puts this SA suburb at 2474th most discounted overall in Australia.

In the last year 64 properties changed hands in Two Wells, which puts it as the 106th most active market in SA when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$273,000 N/A
-4.21% N/A
-4.21% N/A
0.28% N/A
$430 N/A
64 N/A
8.19% N/A
144.486486486486 N/A

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2293
Median household income ($/weekly) 1158
Median age of persons 38
Median housing loan repayment ($/monthly) 1434
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 346 15.1
    25-34 years 270 11.8
    35-44 years 384 16.7
    45-54 years 336 14.6
    55-64 years 287 12.5
    Others 671 29.3
    Age Group
    Census Count Percent(%)
    Registered Married 850 50.6
    Not Married 608 36.2
    Defacto Relationship 221 13.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1852 84.7
    Japan 47 2.2
    Papua New Guinea 24 1.1
    United Kingdom 145 6.6
    Other 32 1.5
    Others 86 3.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1319 64.1
    No Religion 708 34.4
    Buddhism 17 0.8
    Other Religious Groups 8 0.4
    Islam 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 79 10.7
    $600-$799 79 10.7
    $1,000-$1,249 85 11.6
    $1,500-$1,999 112 15.2
    $2,000-$2,499 71 9.7
    Others 309 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 720 41.5
    Not in the labour force 569 32.8
    Employed, worked part-time 304 17.5
    Employed, away from work 79 4.6
    Unemployed, looking for work 62 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 117 10.6
    Technicians & trades workers 211 19.1
    Clerical & administrative workers 164 14.9
    Machinery operators & drivers 172 15.6
    Labourers 137 12.4
    Others 303 27.4
    Occupation
    Census Count Percent(%)
    Pre-school 33 6.4
    Infants/Primary 241 46.4
    Secondary 161 31.0
    Technical or Further Educational Institution 36 6.9
    University or other Tertiary Institutions 37 7.1
    Others 11 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2161 98.5
    Flat, unit or apartment 14 0.6
    House or flat attached to a shop, office 10 0.5
    Improvised home, tent, sleepers out 6 0.3
    Semi-detached, row or terrace house, townhouse 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 446 56.0
    Fully owned 220 27.6
    Rented 123 15.5
    Other tenure type 7 0.9
    Tenure Type
Census 2011, ABS
Chart Table