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North Beach, SA 5556

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 North Beach, SA 5556 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 “North Beach, SA 5556”

  1. The total adult population (15 years or older) of North Beach 5556 SA is 586, with a median age of 54. Of those, 55.12% are married, 16.04% are divorced or separated, 23.38% are single and 5.63% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,872. The median monthly mortgage repayment for households in this suburb is $1,409 which is 28.92% of their earnings.

    Source: ABS Census Data (2021)

  2. Moving our focus to the suburb of North Beach 5556 in South Australia, home to an estimated 902 households, we can begin to dissect the local property market as of Q3 2023. The prices for houses in North Beach are tipping the scales at an average of $589,880. Together with a median weekly rent of $330, the resultant indicative yield falls slightly shy of the ideal 3% at 2.91%.

    North Beach has an IRSAD score of 933 out of 1217, representing a relatively strong socio-economic status of the local population, with good access to resources and opportunities. The renter to owner ratio in this area leans towards a preference or capacity for home ownership, standing at 25%, which is in the favourable range. The unit to house ratio indicates a very dominant house market, with a low 2% of dwellings accounted for by units.

    The affordability index in North Beach plays against its favour, with a value of 47 years testifying to the potentially challenging climb for new home owners to settle their mortgages. Although this might be a bit off-putting for potential buyers, there’s a speck of light at the end of the tunnel. The suburb has an extremely low stock on market Percentage for houses at 0.12%, driving fierce competition among potential buyers that can support robust price growth.

    Similarly, the inventory level stands at a tidy 0.75 months, depicting a market that rapidly absorbs new listings on the market. An unusual characteristic of North Beach is a complete lack of new building approvals, which directly translates to a Building Approval Ratio of 0.0% – a favourable sign for supply balance.

    With an industry average benchmark of 90 days, average houses in North Beach spend a quite reasonable 38 days on the market hinting towards a fairly balanced demand. Moreover, with a considerably low vacancy rate of 0.45%, the area paints a picture of high demand for available properties, both houses and units. Indicative of a high market demand, our attention is caught by a buy search index value of 7, confirming the interesting appeal that North Beach has for potential home buyers.

    Overall, with some metrics in the unfavorable range, it is the majority of other desirable metrics that truly highlight the potential of North Beach. With the aid of tools like RCS (Relative Composite Score) developed by HtAG Analytics, which considers an array of over 80 metrics, making an informed investment decisions in suburbs like North Beach becomes lighter task.

    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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