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Encounter Bay, SA 5211

Home » SA Real Estate Data » City of Victor Harbor, SA » Encounter Bay, SA 5211

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 Encounter Bay, SA 5211 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

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Rent 

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “Encounter Bay, SA 5211”

  1. The total adult population (15 years or older) of Encounter Bay 5211 SA is 4,818, with a median age of 66. Of those, 56.66% are married, 14.26% are divorced or separated, 17.91% are single and 11.04% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,600. The median monthly mortgage repayment for households in this suburb is $1,170 which is 25.43% of their earnings.

    Source: ABS Census Data (2021)

  2. ENCOUNTER BAY 5211, a suburb situated in South Australia, is home to an estimated 4143 households. The third quarter of 2023 paints an interesting statistical image of the housing market in this area.

    Typically, houses in ENCOUNTER BAY 5211 sell for around $681,769 with a median weekly rent of $495. This sets an indicative yield of approximately 3.78%, a figure that is more than the minimum attractive market requirement for cashflow-focused property investors.

    From a socio-economic perspective, the suburb has an IRSAD score of 934 out of a possible 1217, suggesting a relatively desirable economic standing and access to resources. Adding to this, the renting population amount to a mere 18% of the total count, falling well below the threshold considered as ‘over-saturated’ with rental properties (30%).

    Further elevating the investment attractiveness of ENCOUNTER BAY 5211 is the low units to houses ratio. Sitting at just 4%, the presence of units does not over-saturate the market, subsequently reducing competition among landlords vying for tenants. Such a scenario can help to maintain higher rental yields.

    However, the suburb’s affordability index flags a concern, with a high average of 58 years to own a property, which unfortunately dips into the unfavourable range. The stock on market Percentage for houses, however, balances out this negative, with a favourable low figure of 0.44%, indicative of low supply.

    Inventory levels, signifying how quickly the current property ‘stock’ is expected to be sold, is at a favourable low at 1.32 months. Additionally, the building approvals Ratio for houses also denotes a favourable market condition at 0.26%, indicating a low proportion of new dwelling approvals, hence, low supply.

    The demand metrics are equally promising. Houses in ENCOUNTER BAY 5211 spend an average of 31 days on the market. Furthermore, a vacancy rate of 1.5% signifies there’s more demand than supply for properties. Lastly, the buy search index for houses mirrors the state average at 5, marking a neutral demand.

    In conclusion, while some metrics like the affordability index may fall into the unfavourable range, the majority of the figures placing ENCOUNTER BAY 5211 as an enticing place for property investments are favourable, denoting a balanced market with healthy demand and suitable supply levels.

    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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