Wakefield Regional Council, SA

Wakefield Regional Council is a local government area in South Australia’s Yorke and Mid North region. The Wakefield, SA economy is based on agriculture, forestry and fishing.

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The Wakefield, SA property market is a small market consisting mostly of family homes. The market is slowly growing, with new development occurring in the outer suburbs.

The most frequent employment in Wakefield are managers (22.5%), laborers (19.9%), technicians and trades workers (11.6%), machinery operators and drivers (10.5%), and community and personal service workers (9.4%). Wakefield’s typical weekly personal income for persons aged 15 and over is $549.

The market is mainly made up of family homes, with a small number of units and apartments. Separate houses account for 94.3 % of occupied private residences in Wakefield, with semi-detached, row or terrace houses, townhouses, etc. accounting for 1.6 %, flats or apartments accounting for 2.1 %, and other housing accounting for 1.4 %.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
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Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Wakefield Regional Council, SA

What other property markets are there near Wakefield Regional Council, SA?

Wakefield Regional Council is surrounded by 2 other council areas – Northern Areas, Light.

How many people live in Wakefield Regional Council, SA?

There are approximately 168000 people living in roughly 70000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Wakefield Regional Council, SA?

Among the main projects there are Port Wakefield Master Plan, Hamley Bridge and Balaklava Main Streets Upgrade.

What major retailers are there in Wakefield Regional Council, SA?

There are main retailers such as Twice is Nice, Foodland.

What is the main industry in Wakefield Regional Council, SA?

Such sectors as Agriculture, Forestry and Fishing, Retail Trade, Health Care and Social Assistance take the largest part of the employment.

What are the dominant demographic groups in Wakefield Regional Council, SA?

Among approximately 168000 people in Wakefield Regional Council males and females make roughly 50% of each group. The median age of people is 36 years. Children aged 0-14 years account for approximately 21% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in Wakefield Regional Council, SA?

Among approximately 75000 people employed, roughly 53% work full-time, 31% work part-time, and an estimated 10% are unemployed.

Suburbs/localities in this Local Government Area: Owen 5460, Pinery 5460, Port Wakefield 5550, Proof Range 5550, Rochester 5464, Saints 5461, Blyth 5462, Salter Springs 5401, Snowtown 5520, South Hummocks 5550, Stockyard Creek 5460, Stow 5461, Bowillia 5461, Bowmans 5550, Watchman 5461, Alma 5401, Whitwarta 5461, Brinkworth 5464, Long Plains 5501, Bumbunga 5520, Burnsfield 5520, Erith 5461, Condowie 5464, Dalkey 5461, Everard Central 5461, Goyder 5461, Grace Plains 5502, Avon 5501, Halbury 5461, Hamley Bridge 5401, Hart 5464, Balaklava 5461, Hope Gap 5555, Hoskin Corner 5461, Inkerman 5550, Kallora 5550, Kybunga 5453, Lake View 5555, Barunga Gap 5520, Lochiel 5510, Beaufort 5550, Marola 5464, Mount Templeton 5461, Mundoora 5555, Nantawarra 5550

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