Glenelg East

POSTAL CODE: SA, 5045

HOUSE

UNIT

Homeowners and real estate investors betting on GLENELG EAST, 5045 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 15.46%.

A steady increase in median property prices over a five-year period in the suburb translates to a 34.4% capital gain.

Property investors in GLENELG EAST enjoyed capital gains of 15.46% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,680,000.

Profits due to an upward trend in home prices there averaged 11.47% per annum over a 3-year period.

Home owners selling their properties and realtors in GLENELG EAST usually have to wait an average of 78.9 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $650 mark, reflecting a 2.01% increase in returns based on the current median price in GLENELG EAST.

GLENELG EAST, 5045 places 342nd in Australia based on median property value growth during the quarter.

Property investors in GLENELG EAST enjoyed capital gains of 2.31% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GLENELG EAST are low, as opposed to average gains per annum over the past five years.

GLENELG EAST posted a 15.65% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $522.5 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $522.5 mark, reflecting a 4.09% increase in returns based on the current median price in GLENELG EAST.

GLENELG EAST, 5045 ranks 112th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

GLENELG EAST ranks 99th on the list of best yielding suburbs for rental properties in SA, posting a 4.09% return.

Surburb overview

Glenelg East, located just 9 kilometres southwest of Adelaide’s central business district, is a popular coastal suburb within the City of Holdfast Bay. Known for its close proximity to the iconic Glenelg Beach and Jetty Road’s bustling shopping and dining precinct, Glenelg East offers a convenient and vibrant lifestyle. The suburb has a population of around 4,000 residents and is highly sought after for its blend of coastal living and urban amenities.

The demographic of Glenelg East consists of a diverse mix of families, young professionals, and retirees. Many homes in the area are owner-occupied, with a significant portion of the housing stock consisting of older, character-filled homes as well as modern developments. The median age of residents is slightly higher than the national average, reflecting the suburb’s appeal to older adults and families seeking a quieter, more relaxed environment close to the beach.

Public transport in Glenelg East is excellent, with the Glenelg tramline running through the suburb, providing a direct connection to both the Adelaide CBD and the popular coastal suburb of Glenelg. Several bus routes also service the area, offering convenient travel to surrounding suburbs and the city centre. The suburb’s location near Anzac Highway and Brighton Road further enhances accessibility for those commuting by car.

Glenelg East is home to various local amenities, with the nearby Jetty Road precinct offering a wide range of retail shops, cafes, restaurants, and essential services. Residents can enjoy the outdoor lifestyle, with Glenelg Beach just a short walk away, providing opportunities for swimming, walking, and beachside activities. The nearby Glenelg Oval is another popular spot for recreational activities and local sports.

Educational facilities in Glenelg East include Glenelg Primary School and nearby Immanuel College, making the suburb an attractive choice for families with school-aged children. Its combination of coastal charm, excellent transport links, and access to shopping and dining makes Glenelg East a desirable location for a wide range of residents seeking a balanced, urban-coastal lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,680,000	$665,000
Growth Report
Median Quarterly	0.9%	-1.48%
Median 12 month	15.46%	2.31%
Median 3 years	34.4%	15.65%
Median 5 years	78.72%	73.4%
10 years average annual	8.72%	7.14%
Weekly media advert. rent	$650	$523
Time on Market	78.9 days	39.4 days
Gross Rental Yield Percent	2.01%	4.09%

Demographics (Median Values)*

Total Population 15589

Weekly Household Income 1367

Household Size 2.10

Average Age 44

Monthly Loan Repayment 1777

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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