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Erindale, SA 5066

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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 Erindale, SA 5066 located in Adelaide 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Erindale, SA 5066”

  1. The total adult population (15 years or older) of Erindale 5066 SA is 1,011, with a median age of 48. Of those, 57.76% are married, 6.43% are divorced or separated, 31.06% are single and 4.75% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,424. The median monthly mortgage repayment for households in this suburb is $2,392 which is 20.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Erindale, located within the postcode 5066 in South Australia, is a suburban area home to approximately 508 households. As we delve into the third quarter of 2023, the typical price tag on houses in this area stands at a substantial $1,696,189. When paired with a median weekly rent of $683, this leads to an indicative yield of 2.09%, falling just shy of the 3% mark considered attractive for cash-flow centred property investors.

    The socio-economic scale tips quite favourably for Erindale, reaching 1120 out of a potential 1217 on the IRSAD score. This figure hints at a society rich in economic resources and a populace that enjoys high income levels and are engaged in skilled professions. The suburb proudly hosts more homeowners than renters, with a renter-to-owner ratio at the low end of the spectrum at 12%. This figures present a strong appeal for residents, creating a unique community vibe from the low proportion of renters in the area.

    The ratio of units to houses is also notably low in Erindale, standing at 8%. This implies a minimal competition amongst landlords scouting for tenants, thereby helping maintain attractive rental yields. Additionally, a suburb enriched with houses over units tends to draw families, extending the tenancy periods and building a strong local community.

    However, it’s worth noting Erindale’s affordability index, standing at 58 years, indicates a more challenging environment for potential homeownership in its current property market due to factors such as interest rates, typical property prices, and median family income.

    The stock on market percentage for houses is relatively low at 0.21%, pointing towards a favourable condition of low supply. This is further reinforced by a property inventory level at 1.0 months.

    Interestingly, Erindale doesn’t have any acknowledged building approvals, represented by a ratio of 0.0%. This might further restrict the market supply, inevitably affecting the house prices.

    Houses in this suburb are being snapped up rather quickly as evident from the average 20-day market period. While this suggests a high demand for properties, the combined vacancy rate of houses and units in the suburb is somewhat high at 4.84%, indicating a level of caution amongst potential investors.

    Nonetheless, the online buy search index for houses is high at 6, indicating a strong interest and demand within the real estate market of Erindale.

    The collective property market statistics place Erindale as an interesting prospect for certain types of investors. Despite a few challenges, majority of the metrics fall in the favourable range, suggesting potential opportunities for those who strategically navigate the local property market. It is also noted that the HtAG Analytics Relative Composite Score (RCS) metric, which considers over 80 metrics, may prove to be a useful tool in researching such opportunities.

    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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