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Ridgehaven
AREA REPORTS

Ridgehaven

Ridgehaven - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5097

house
unit

RIDGEHAVEN, 5097 ranks 2048th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.34% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $429,375.

The upward trend in home prices in RIDGEHAVEN, 5097 averaged 5.88% per annum over a 3-year period.

Average weekly rents on listings have reached the $380 mark, reflecting a 4.6% increase in returns based on the current median price in RIDGEHAVEN.

An average of 6.5 real estate transactions take place per month in RIDGEHAVEN which translates to 78 per annum.

78 properties were sold in RIDGEHAVEN in 2016, making it the 30th most active market in SA based on total real estate transactions.

RIDGEHAVEN, 5097 places 71st in Australia based on median property value growth during the quarter.

Data report can be found below

Ridgehaven
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $429,375 $295,000
GROWTH REPORT
Median Quarterly 7.34% -0.34%
Median 12 month 7.34% 24.87%
Median 3 years 17.64% 27.98%
Median 5 years 19.27% 11.32%
10 years average annual 3.1% 2.26%
Weekly media advert. rent $380 $307.5
Time on Market 49.6 days 0.0 days
Gross Rental Yield Percent 4.6% 5.42%
demographics (median values)*
Total Population
13565
Weekly Household Income
1332
Household Size
2.50
Age
41
Monthly Loan Repayment
1500
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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