Suburb Profile Report for Coffin Bay SA (5607)

Coffin Bay House: Median price $418,500, Annual capital growth 3.40%, Number of sales 33, Weekly median advertised rent $305

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

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

  • House Report

Investment property in Coffin Bay has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 30.78%

The five-year average increase in median property values for Coffin Bay,5607 has given property investors a potential capital gain of 19.23% across each of those five years.

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.10% offered to property buyers. Sellers in Coffin Bay itself are offering an average vendor discount of -6.93% to real estate investors.

At number 3089 in a list of fastest selling suburbs, Coffin Bay is in the bottom 20% of suburbs in Australia with an average of days on market 109.846 for properties listed there.

Property investors should expect to get $305 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$418,500 N/A
10.13% N/A
30.78% N/A
3.40% N/A
$305 N/A
33 N/A
3.79% N/A
109.846153846154 N/A

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

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 613
Median household income ($/weekly) 835
Median age of persons 54
Median housing loan repayment ($/monthly) 1000
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 53 8.6
    35-44 years 71 11.5
    45-54 years 99 16.1
    55-64 years 121 19.7
    65-74 years 119 19.3
    Others 152 24.7
    Age Group
    Census Count Percent(%)
    Registered Married 226 52.2
    Not Married 136 31.4
    Defacto Relationship 71 16.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 521 88.3
    Greece 6 1.0
    Papua New Guinea 11 1.9
    United Kingdom 35 5.9
    Other 7 1.2
    Others 10 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 317 58.8
    No Religion 202 37.5
    Buddhism 17 3.2
    Other Religious Groups 3 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 22 10.0
    $400-$599 39 17.8
    $600-$799 26 11.9
    $800-$999 31 14.2
    $1,000-$1,249 22 10.0
    Others 79 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 254 48.2
    Employed, worked full-time 143 27.1
    Employed, worked part-time 92 17.5
    Employed, away from work 19 3.6
    Unemployed, looking for work 19 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 52 20.5
    Professionals 35 13.8
    Technicians & trades workers 37 14.6
    Community & personal service workers 27 10.6
    Labourers 43 16.9
    Others 60 23.6
    Occupation
    Census Count Percent(%)
    Pre-school 5 6.1
    Infants/Primary 38 46.3
    Secondary 23 28.0
    Technical or Further Educational Institution 6 7.3
    University or other Tertiary Institutions 6 7.3
    Others 4 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 470 93.1
    Flat, unit or apartment 18 3.6
    Improvised home, tent, sleepers out 9 1.8
    Caravan, cabin, houseboat 8 1.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 105 42.3
    Being purchased 87 35.1
    Rented 56 22.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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