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Springton, SA 5235

Home » SA Real Estate Data » Mid Murray Council, SA » Springton, SA 5235

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 Springton, SA 5235 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 “Springton, SA 5235”

  1. The total adult population (15 years or older) of Springton 5235 SA is 560, with a median age of 47. Of those, 43.39% are married, 19.29% are divorced or separated, 33.93% are single and 3.21% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,968. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.66% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Springton, postcode 5235, is nestled in South Australia and is home to approximately 422 households. As we enter the third quarter of 2023, the property market dynamics in Springton presents an interesting overview. The typical house price stands at $414,537, featuring a median weekly rent of $295. This effectively generates an indicative yield of approximately 3.7%, meeting the minimum attractive market requirement for property investors who centre their strategy around cash flow.

    Springton boasts an IRSAD score of 929 out of 1217, demonstrating a fairly decent socio-economic status within the area. This indicates access to good economic resources, moderate income levels and a percentage of residents in skilled professions. The vital statistic of renter to owner ratio sits comfortably at 10%, quite a favourable figure when considering the inherent risks in markets oversaturated with rental properties. A lower ratio such as this signals less competition amongst investors and potentially higher returns in the long term.

    Furthermore, the unit to houses ratio in Springton is currently at 0%. This implies there is no oversaturation of units which could otherwise flood the market with rental properties and impact rental yields negatively. Such a balance is attractive to families, likely leading to longer tenancy periods.

    The suburb’s Affordability Index, or ‘Years to Own,’ stands impressively at 23 years indicating the properties are relatively affordable based on variables such as interest rates, median family income, and current property prices. The stock on market Percentage for houses in Springton is 0.48%, which falls within neutral territory, hinting at a balanced level of supply.

    Inventory level, measured in terms of months, currently stands at 3.0. This is a neutral level, suggesting a reasonably balanced real estate market in terms of supply and demand. The building approvals Ratio for houses is 0.0%, stating there is no imminent influx of new dwelling stock in the market. However, with an average of 319 Days on Market, it indicates a slower market with lower demand.

    The Vacancy Rate, which encapsulates both units and houses stands relatively high at 4.88%. This higher rate might hint at lower demand, which is also reflected in buy search index for houses standing at 3. However, it’s important to note that not all metrics need to be in the green zone for a successful investment – ideally, the majority should be favourable, a factor automated in the RCS (Relative Composite Score) by HtAG Analytics. All these metrics should be monitored in conjunction with market trends to make the most data-driven, beneficial real estate decisions in Springton.

    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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