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Glenelg
AREA REPORTS

Glenelg

Glenelg - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5045

house
unit

Property investments in GLENELG did not fare well against the rest of the country last year, registering a median home price decrease of 18.42%.

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

Based on its average 5-year and quarterly capital gains GLENELG, 5045 saw average growth in the long term.

Real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 0.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,125,000.

GLENELG ranks 352nd on the list of best yielding suburbs for rental properties in SA, posting a 2.63% return.

Data report can be found below

Glenelg
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,125,000 $683,000
GROWTH REPORT
Median Quarterly 1.12% -1.46%
Median 12 month 18.42% 48.48%
Median 3 years 35.14% 48.8%
Median 5 years 20.97% 79.74%
10 years average annual 4.91% 6.17%
Weekly media advert. rent $570 $425
Time on Market 0.0 days 75.4 days
Gross Rental Yield Percent 2.63% 3.24%
demographics (median values)*
Total Population
15589
Weekly Household Income
1367
Household Size
2.10
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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