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Clare, SA 5453

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 Clare, SA 5453 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Clare, SA 5453”

  1. The total adult population (15 years or older) of Clare 5453 SA is 2,713, with a median age of 45. Of those, 46.63% are married, 11.68% are divorced or separated, 32.55% are single and 8.63% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,552. The median monthly mortgage repayment for households in this suburb is $1,256 which is 19.17% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned within the state of South Australia (SA), the leafy suburb of Clare (5453) is home to an estimated 2187 households and presents access to a vibrant community with a solid socio-economic background, as indicated by an impressive IRSAD score of 954 out of 1217.

    In the third quarter of 2023, local property market data reveals that typical house prices in Clare 5453 stand at $413,368. Homes in the area have a median weekly rent of $332, delivering an indicative yield of 4.18%. This is notably above the 3% yield threshold, indicating a cashflow-positive investment for property investors.

    The renter to owner ratio sits comfortably at 28%, suggesting a balanced mix in tenancy, with less competition among landlords and reduced risk of rental oversupply. Adding to the appeal of this market is the minuscule units to houses ratio – at 2%, it suggests a highly favourable market dominated by houses. This, in turn, increases the likelihood of long-term tenancies and higher rental yields.

    Affordable living is a significant feature of Clare, with an Affordability Index of 25 years indicating an easily attainable path to homeownership for residents, which showcases a favourable market condition.

    Making the prospect of investing in Clare even more appealing are the supply metrics. The suburb boasts a stock on market percentage of 0.2% and an inventory level of 0.71 months – both figures well below the critical supply thresholds, signifying a slim supply and increased buyer competition.

    Moreover, the building approvals Ratio for houses is at a mere 0.05%, suggesting limited new stock entering the market and keeping supply restrained. The average number of days houses remain on the market is 46, a balanced figure that suggests steady demand.

    Further illustrating the demand in Clare 5453 is a vacancy rate of only 0.16%. Such a low rate clearly shows a high tenant demand with low availability – a recipe for potential rental growth. Lastly, the buy search index for houses stands at 5, denoting an average demand, much on par with the rest of the state.

    In summary, Clare 5453 presents potential property investors with favourable conditions in Q3 of 2023. While a thorough understanding of these factors is essential, investors are reminded that market trends are key, and some metrics may fall within unfavourable ranges. However, the Relative Composite Score (RCS) excellent analytics capabilities can provide a consolidated view of these metrics to assist with a well-informed decision-making process.

    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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