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Wallaroo, 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 Wallaroo, 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 “Wallaroo, SA 5556”

  1. The total adult population (15 years or older) of Wallaroo 5556 SA is 3,226, with a median age of 57. Of those, 47.18% are married, 16.40% are divorced or separated, 27.06% are single and 9.36% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,616. The median monthly mortgage repayment for households in this suburb is $1,169 which is 25.32% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque Wallaroo, postcode 5556, is located in South Australia and has an estimated total of 3328 households. As we move into the third quarter of 2023, typical house prices in Wallaroo sit at a comfortable $440,143, while median weekly rent hovers around $299. These figures correspond to an indicative yield of 3.53%, which meets the attractive market requirement for cashflow-centered property investors.

    Interestingly, Wallaroo holds an IRSAD score of 858 out of a possible 1217, hinting at moderate yet commendable socio-economic conditions. The suburb also boasts a balanced renter to owner ratio of 30%, meeting the ideal market condition, which ensures a healthy mix of permanent residents and renters.

    Adding to Wallaroo’s appeal is the low units to houses ratio of 2%, this skew suggests that the suburb is dominantly populated by houses rather than units and apartments, which appeals to families seeking long-term tenancy.

    Unfortunately, the affordability index for houses in Wallaroo is a little stretched at 37 years, indicating that owning property here may require a slightly extended mortgage term. However, these numbers must be viewed in context of the bigger picture.

    From a supply perspective, Wallaroo is doing exceptionally well. The stock on the market percentage for houses rests at a favourable 0.29%, suggesting a low level of unsold properties. Plus, with an inventory level of only 1.19 months, it suggests that new listings find buyers quickly.

    The building approval ratio is a comfortable 0.78%, indicating a contained growth in the region’s housing landscape. And while properties in the area stay on the market for 51 days – a figure exceeding the ideal range – it’s not excessively high.

    Impressively, the combined vacancy rate (houses and units) in Wallaroo sits at a welcomingly low 0.3%. Combined with the average buy search index for houses at the median level of 5, there seems to be a strong demand for the properties in this seaside town.

    While each metric has its individual importance, the overall sentiment surrounding Wallaroo’s real estate market seems positive. And yes, while the affordability index might be on the steeper side, other favourable metrics such as the low vacancy rates and balanced renter to owner ratio add to the suburb’s appeal – making Wallaroo an area to keep in your real estate investment watchlist. As always, a deep understanding of the HtAG Analytics’ Relative Composite Score (RCS) could provide further insights into any property investments in Wallaroo.

    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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