Suburb Profile Report for Solomontown SA (5540)

Solomontown House: Median price $92,750, Annual capital growth -4.28%, Number of sales 14, Weekly median advertised rent $200

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Solomontown is in the bottom 10% in SA when comparing median price capital growth over the last year. Solomontown gave property investors a dismal capital gain figure when compared to the rest of the state, with -19.35%.

The five-year average increase in median property values for Solomontown,5540 has given property investors a potential capital gain of -19.35% across each of those five years.

Our latest figures would indicate that property sellers in Solomontown are currently offering property investors an average price cut of -13.43% below the asking price at the moment.

Situated 200.65km from the CBD, Solomontown is one of Port Pirie City and Dists (M) localities in the postcode 5540.

Metrics	HOUSE	UNIT
Median price	$92,750	N/A
Quarterly growth	1.64%	N/A
12-month growth	-19.35%	N/A
Average Annual Growth	-4.28%	N/A
Weekly median advertised rent	$200	N/A
Number of sales	14	N/A
Gross rental yield	11.21%	N/A
Days on market	129.307692307692	N/A

DSR Score for property investment : Balanced (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