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Glenelg, SA 5045

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Glenelg, SA 5045 located in Adelaide to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Glenelg, SA 5045”

  1. The total adult population (15 years or older) of Glenelg 5045 SA is 3,202, with a median age of 55. Of those, 42.00% are married, 16.86% are divorced or separated, 32.82% are single and 8.21% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $8,632. The median monthly mortgage repayment for households in this suburb is $1,733 which is 20.08% of their earnings.

    Source: ABS Census Data (2021)

  2. Suburb Overview:

    Situated in South Australia, GLENELG 5045 is a vibrant and sought-after suburb that is home to approximately 3408 households. Housing options trend towards unit dwellings, as revealed by a significant units to houses ratio of 81%. The socio-economic status of this community, as measured by the Index of Relative Socio-Economic Advantage and Disadvantage (IRSAD), reflects a robust score of 1030 out of a possible 1217.

    Property Market Analysis:

    As of the third quarter of 2023, housing in GLENELG 5045 is marked by a typical price of $1,311,725, where the median weekly rent hovers around $745. These figures translate into an indicative yield of just under 3%, slightly missing the minimum attractive market threshold of 3% yield for cashflow-focused property investors.

    Detailed look at the market components:

    Looking at the fundamental metrics, it’s noticed that the renter to owner ratio stands at 42%, hinting at a relatively high rental presence which could indicate balanced market appeal and availability for investment. However, it does sit slightly higher than the optimal 30% ratio, where markets possess a better balance of homeownership and rental units.

    The high units to houses ratio also suggests a dynamic more inclined towards rental properties, causing a more competitive landscape for landlords chasing tenants. Greater competition can put pressure on rental yields and long-term returns.

    Producing an Affordability Index of 60 years, GLENELG 5045 reflects a significant barrier for local property ownership considering the 30-year standard for strong affordability.

    Supply metrics present a favourable scenario. stock on market percentage for houses sits at a low, investor-friendly 0.19% indicating a lower supply, potentially driving demand and prices up. inventory levels report at well under one month (0.67 months), adding strength to the indicator that supply is low. The building approval ratio for houses, standing at a modest 1.53%, neither overly hampers nor aids the existing supply situation.

    Demand metrics offer a promising view with just 19 days on market for houses, suggesting high and swift demand. A rather neutral vacancy rate of 1.82% reflects a balanced rental property market. The buy search index for houses registers a 3, which despite leaning towards limited demand, the overall demand picture remains positive given the other demand indicators.

    In summary, while the GLENELG 5045 market shows certain challenges like affordability and a high units to houses ratio, its strong socio-economic score, low supply, and relatively fast-moving market balance these concerns, making this suburb a market worth exploring for property investment. As always, it is fundamental to observe trends and nuances in the ongoing property market data to ensure successful and profitable investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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