AREA REPORTS

Glenunga

Suburb Profile

Glenunga - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5064

house
unit

GLENUNGA, 5064 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling GLENUNGA, 5064 values up and netting property investors a capital gain of 21.4% for the past year.

Investors saw the median home price rise to $1,143,000.

Profits due to an upward trend in home prices in the suburb averaged 9.19% per annum over a 3-year period.

GLENUNGA now ranks at the 50th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $550 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GLENUNGA, homes and units usually stay on listing for an average of 68.9 days.

In 2016, 39 properties were sold in GLENUNGA during the past year, making it the 188th most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,143,000 $495,000
GROWTH REPORT
Median Quarterly 5.83% 2.22%
Median 12 month 21.4% 4.21%
Median 3 years 27.57% 32%
Median 5 years 74.9% 37.5%
10 years average annual 6.33% 6.03%
Weekly media advert. rent $550 $367.5
Time on Market 68.9 days 45.6 days
Gross Rental Yield Percent 2.5% 3.86%
demographics (median values)
Total Population
1870
Weekly Household Income
1154
Household Size
2.40
demographics
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