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Coober Pedy, SA 5723

Home » SA Real Estate Data » Coober Pedy, SA » Coober Pedy, SA 5723

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 Coober Pedy, SA 5723 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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Yield 

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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 “Coober Pedy, SA 5723”

  1. The total adult population (15 years or older) of Coober Pedy 5723 SA is 1,382, with a median age of 50. Of those, 33.86% are married, 19.46% are divorced or separated, 39.73% are single and 6.80% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $5,520. The median monthly mortgage repayment for households in this suburb is $630 which is 11.41% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, COOBER PEDY (5723) is home to approximately 1866 households. As of the Q3 in 2023, the typical price for houses is quite accessible, resting at $82,048. The median weekly rent hovers at $168, which together with the house price computes to an enticing indicative yield of 10.63%.

    In terms of socio-economic status, COOBER PEDY scores 868 out of a possible 1217 on the IRSAD scale. This result points towards reasonable access to economic resources, and a moderate level of income among residents.

    Analysing the housing composition, the renter to owner ratio of 33% positions the suburb within a favourable range, meaning that it’s not oversaturated with rental properties, facilitating better returns. Additionally, the units to houses ratio is notably low at 1%, reflecting a predominantly house-based market, again tipping the scale towards favourable investment conditions.

    The affordability index for houses in COOBER PEDY stands at a comfortable 6 years, underscoring a high level of affordability compared to a majority of Australian suburbs.

    Looking into supply metrics, COOBER PEDY portrays a promising picture. The stock on the market percentage is encouraging at 0.32%, signalling low levels of supply, while the inventory level of 2.57 months also showcases a favourable market dynamic with demand absorbing new listings. The building approvals Ratio for houses, currently sitting at 0.0%, highlights that no new supply is inflating the market.

    However, the property market in COOBER PEDY indicates a potentially weak demand. The days on the market (DoM) rate for houses is relatively high at 141 days, which could signify slower market movement. Yet, a low vacancy rate of 0.16% depicts high demand for rental properties and may indicate investment potential.

    The buy search index being at 3 could portray limited buyer interest. That doesn’t necessarily deem COOBER PEDY as an unwise choice. As the overall strong indicative yield, favourable supply metrics, and low vacancy rates offer some noticeable opportunities for the astute investor.

    In conclusion, crucially comprehending real estate data and trends can enable informed investment decisions. The RCS (Relative Composite Score) metric developed by HtAG Analytics offers an efficient tool in this regard by analysing a wide range of indicative metric data.

    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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