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Greenock, SA 5360

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 Greenock, SA 5360 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 “Greenock, SA 5360”

  1. The total adult population (15 years or older) of Greenock 5360 SA is 958, with a median age of 42. Of those, 60.96% are married, 10.33% are divorced or separated, 26.10% are single and 2.30% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,276. The median monthly mortgage repayment for households in this suburb is $1,452 which is 17.54% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within South Australia lies the charming suburb of Greenock (postal code 5360). It’s a tightly-knitted community with approximately 554 households. Turning our eyes to the housing market data from Q3 of 2023, it’s observed that typical prices for houses in Greenock stand at around $659,388, coupled with a median weekly rent of $338. This results in an indicative yield of 2.67%, slightly below the desired 3% benchmark for property investors prioritising cash flow.

    In terms of socio-economic factors, Greenock boasts an IRSAD score of 1009 out of 1217, an indication of relatively high socio-economic status with favourable income levels and employment opportunities.

    Digging into the property ownership statistics, Greenock has a low renter to owner ratio of 8%, which is excellent news for property investors eyeing long-term returns and wanting to minimise competition from other landlords. Moreover, the suburb’s units to houses ratio stands at a healthy 1%, pointing towards less competition among landlords and a likely potential for higher rental yields, albeit this is subject to other market dynamics.

    When we consider the affordability factor, the index for houses comes in at an elevated 31 years, indicating the possibility of decreased affordability due to current property prices and broader economic conditions.

    Examining supply indicators further, Greenock maintains a low stock on market percentage of 0.18% while the inventory level for houses sits at a remarkably low 0.75 months. In addition, the building approvals ratio for houses is at zero, all of which presents signals of a tight property market with limited supply.

    Turnaround times on the market are quick for properties in Greenock – on average, houses stay on the market just for three days, indicating high demand. The suburb also maintains a vacancy rate of 2.33% across houses and units, falling within the neutral demand range. However, with a buy search index for houses at 3, demand could be more substantial.

    Overall, while some factors such as yield, affordability and search index sit less ideally for some investors, it’s crucial to look at the broader picture. Greenock’s low supply and quick turnaround on property sales signify a vibrant property market that might still hold considerable opportunities for capital growth. The RCS metric by HtAG Analytics can provide a more comprehensive analysis, folding in various metrics to aid in smart property 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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