Suburb Profile Report for Solomontown SA (5540)

Solomontown House: Median price $100,000, Annual capital growth -6.39%, Number of sales 10, Weekly median advertised rent $220

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

SA has seen average median house prices change by 1.26% which means that Solomontown, 5540 has done well for property investors by showing a capital gain of -24.21% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Solomontown has fallen somewhat when compared to the 5 year average annual rate.

At number 13th of SA’s most discounted properties, Solomontown is in the bottom 10% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $220 mark per week – giving a return of 12.71% based on the median price in Suburb

Metrics	HOUSE	UNIT
Median price	$100,000	N/A
Quarterly growth	-10.00%	N/A
12-month growth	-26.53%	N/A
Average Annual Growth	-6.39%	N/A
Weekly median advertised rent	$220	N/A
Number of sales	10	N/A
Gross rental yield	N/A	N/A
Days on market	N/A	N/A

Your estimated repayment
$404.37/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

DSR Score for property investment : Good (H), Above average (U)

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Demographics

Total population	1064
Median household income ($/weekly)	619
Median age of persons	40
Median housing loan repayment ($/monthly)	810
Average household size	2.2

Census	Count	Percent(%)
5-14 years	134	12.6
25-34 years	111	10.4
35-44 years	133	12.5
45-54 years	137	12.9
65-74 years	118	11.1
Others	431	40.5

Age Group

Census	Count	Percent(%)
Not Married	384	49.5
Registered Married	275	35.5
Defacto Relationship	116	15.0

Social Marital Status

Census	Count	Percent(%)
Australia	927	90.6
Greece	6	0.6
Japan	30	2.9
United Kingdom	33	3.2
Other	9	0.9
Others	18	1.8

Country of Birth

Census	Count	Percent(%)
Christianity	552	59.9
No Religion	357	38.7
Buddhism	7	0.8
Other Religious Groups	6	0.7
Hinduism	0	0.0
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$300-$399	69	16.5
$400-$599	81	19.4
$600-$799	68	16.3
$800-$999	37	8.9
$1,000-$1,249	30	7.2
Others	132	31.7

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	431	52.0
Employed, worked full-time	188	22.7
Employed, worked part-time	144	17.4
Unemployed, looking for work	42	5.1
Employed, away from work	24	2.9

Person Characteristics

Census	Count	Percent(%)
Technicians & trades workers	59	16.6
Community & personal service workers	39	11.0
Clerical & administrative workers	41	11.5
Machinery operators & drivers	60	16.9
Labourers	55	15.4
Others	102	28.7

Occupation

Census	Count	Percent(%)
Pre-school	10	5.0
Infants/Primary	82	41.2
Secondary	71	35.7
Technical or Further Educational Institution	18	9.0
Other type of educational institution	12	6.0
Others	6	3.0

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	916	92.7
Flat, unit or apartment	30	3.0
Caravan, cabin, houseboat	20	2.0
Semi-detached, row or terrace house, townhouse	11	1.1
House or flat attached to a shop, office	11	1.1
Others	0	0.0