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Mccracken, 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 Mccracken, 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

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 “Mccracken, SA 5211”

  1. The total adult population (15 years or older) of Mccracken 5211 SA is 1,858, with a median age of 64. Of those, 56.08% are married, 14.37% are divorced or separated, 19.64% are single and 9.80% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $4,976. The median monthly mortgage repayment for households in this suburb is $1,250 which is 25.12% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of MCCRACKEN, postal code 5211, is nestled within the state of South Australia and is comprised of an estimated 1,427 households. As we delve into the Q3 statistics of 2023, it’s noted that the typical residential property prices for houses in this region circle around $683,142. The median weekly rent in MCCRACKEN stands at $497, with these figures churning out an indicative yield of 3.78%, comfortably satisfying the market requirement for property investors seeking a cashflow-centered portfolio.

    Looking at the socio-economic background, the suburban region showcases an IRSAD score of 917 out of a possible 1217, indicating an appreciable socio-economic standing. On the rental front, the renter to owner ratio is an attractive 19%, demonstrating a lesser risk of competition amongst property investors as compared to areas with higher ratios. The suburbs’ landscape primarily features houses, with unit properties constituting only a small 6% portion of the housing market.

    However, affordability is a factor to closely keep an eye on in MCCRACKEN. The area carries an affordability index score of an elongated 54 years. This suggests that complete home ownership—under a standard 30-year mortgage—can take some additional time for the median income earners of the suburb.

    Supply-wise, MCCRACKEN exhibits a stock on market Percentage of 0.23%, synonymously pointing towards a favourable low supply. The inventory level is recorded at a mere 0.9 months, another arrow pointing towards a low supply scenario. The Building Approval Ratio for houses stands at 0.08%, again reinforcing the low supply underscore.

    Demand also appears healthy in the suburb with the average house remaining on the market for 36 days, indicating notable buyer interest. The vacancy rate sits at a low 0.38% (for both houses and units), signalling a high demand for rental properties. Additionally, the buy search index for the area is impressive at 6, further indicating high demand.

    In essence, MCCRACKEN’s property market seems to offer a favourable blend of low supply and high demand, catalysed by its strong socio-economic position and a low ratio of units to houses. However, the affordability index is something potential investors or homebuyers may wish to consider. Nonetheless, the attractiveness of the suburb’s property market prevails, with a few metrics in less ideal ranges. It’s key to remember that HtAG Analytics’ RCS metric leverages over 80 data points, including those mentioned above, to offer an integrated view of the property market landscape.

    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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