Suburb Profile Report for Two Wells SA (5501)

Two Wells House: Median price $272,500, Annual capital growth 0.15%, Number of sales 56, Weekly median advertised rent $423

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

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

  • House Report

At number 4031th in the list of Australian suburbs ordered by increase in median house value over the last year, Two Wells, 5501 is in the BOTTOM 10% with a property value increase of -26.35% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Two Wells,5501 has racked up an average of -26.35% over the period. This ranks it number 3989th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Two Wells should be aiming for at least -5.47% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Two Wells being $272500 and the advertised rent reaching $422.5 the gross rental yield for property investors calculates out to be 8.06%

Metrics i HOUSE UNIT
$272,500 N/A
23.86% N/A
-26.35% N/A
0.15% N/A
$423 N/A
56 N/A
8.06% N/A
121.176470588235 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. 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 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
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