Suburb Profile Report for Port Wakefield SA (5550)

Port Wakefield House: Median price $143,000, Annual capital growth 1.51%, Number of sales 12, Weekly median advertised rent $260

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Property investors who have had real estate in Port Wakefield, 5550 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.40%

In the last year 12 properties changed hands in Port Wakefield, which puts it as the 423th most active market in SA when comparing the number of sales per suburb.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 9.45%, without taking into account capital value appreciation, which has been averaging out at 1.51%.

Metrics	HOUSE	UNIT
Median price	$143,000	N/A
Quarterly growth	N/A	N/A
12-month growth	14.40%	N/A
Average Annual Growth	1.51%	N/A
Weekly median advertised rent	$260	N/A
Number of sales	12	N/A
Gross rental yield	9.45%	N/A
Days on market	N/A	N/A

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

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Demographics

Total population	554
Median household income ($/weekly)	749
Median age of persons	42
Median housing loan repayment ($/monthly)	1012
Average household size	2.2

Census	Count	Percent(%)
5-14 years	72	12.9
25-34 years	62	11.2
35-44 years	71	12.8
45-54 years	70	12.6
55-64 years	86	15.5
Others	195	35.1

Age Group

Census	Count	Percent(%)
Not Married	167	44.7
Registered Married	151	40.4
Defacto Relationship	56	15.0

Social Marital Status

Census	Count	Percent(%)
Australia	408	84.5
Croatia	16	3.3
Indonesia	7	1.4
Papua New Guinea	9	1.9
United Kingdom	24	5.0
Others	19	3.9

Country of Birth

Census	Count	Percent(%)
Christianity	309	67.0
No Religion	134	29.1
Buddhism	6	1.3
Hinduism	6	1.3
Islam	6	1.3
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$300-$399	33	17.8
$400-$599	19	10.3
$600-$799	33	17.8
$800-$999	20	10.8
$1,000-$1,249	19	10.3
Others	61	33.0

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	180	46.0
Employed, worked full-time	136	34.8
Employed, worked part-time	57	14.6
Unemployed, looking for work	11	2.8
Employed, away from work	7	1.8

Person Characteristics

Census	Count	Percent(%)
Managers	22	10.9
Technicians & trades workers	18	8.9
Community & personal service workers	20	9.9
Clerical & administrative workers	21	10.4
Labourers	70	34.7
Others	51	25.2

Occupation

Census	Count	Percent(%)
Infants/Primary	35	46.7
Secondary	27	36.0
Pre-school	7	9.3
Technical or Further Educational Institution	6	8.0
University or other Tertiary Institutions	0	0.0
Others	0	0.0

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	452	97.2
Semi-detached, row or terrace house, townhouse	8	1.7
Caravan, cabin, houseboat	5	1.1
Flat, unit or apartment	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0