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Hazelwood Park, SA 5066

Home » SA Real Estate Data » City of Burnside, SA » Hazelwood Park, SA 5066

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 Hazelwood Park, 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 “Hazelwood Park, SA 5066”

  1. The total adult population (15 years or older) of Hazelwood Park 5066 SA is 1,570, with a median age of 43. Of those, 59.62% are married, 8.03% are divorced or separated, 27.52% are single and 4.84% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,932. The median monthly mortgage repayment for households in this suburb is $2,329 which is 19.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia (SA), the suburb of HAZELWOOD PARK 5066 is home to approximately 911 households. As we move into Q3 of 2023, the typical selling prices for houses in HAZELWOOD PARK stand at $1,775,693. The median weekly rent has been identified as $761, in-turn generating an indicative yield of 2.23%.

    Hazelwood park displays a respectable IRSAD score of 1127 out of 1217. This socio-economic grading suggests a good level of access to resources, a high level of income and a high level of skill within the professions held by the residents.

    Looking at the renter to owner ratio, it’s observed at 17%, which indicates a well-balanced property market, lowering the risk for investors. The units to houses ratio is just 24%, suggesting a lesser competition among landlords for tenants and ensuring the potential to maintain higher rental yields.

    However, the market does present certain challenges as well. The affordability index for houses is calculated at 58 years, exceeding the standard mortgage duration of 30 years which depicts a decreased affordability in the area.

    On the supply side, the stock on market percentage stands at a low 0.28%, signifying that there is not an over-supply of properties in the area. The inventory level, which defines the market’s absorption of new listings, staying at 1.33 months also showcases a favourable low supply market.

    The building approval ratio for houses is merely 0.43%, an indication of limited new supply in the pipeline. Meanwhile, the average number of days houses remain on the market is just 19 days, suggesting a high demand and a fast-moving market.

    The combined vacancy rate for both houses and units is at 1.26%, which falls within the spectrum of high demand, making it potentially favourable for property investors.

    Further, the buy search index for houses sits at a high 7, which, along with other favourable metrics, certainly calls for further examination of the HAZELWOOD PARK property market from investment perspective.

    While a comprehensive understanding of these metrics is essential, HtAG Analytics’ Relative Composite Score (RCS) simplifies this process, providing a consolidated view of these factors using its expert algorithm.

    As always, keep in mind that while some single metrics could show unfavourable values, it’s the collective picture formed by all metrics that should inform your investment decisions. Though a holistic understanding of these statistics fosters sound investment judgements, the trend of these metrics, best visualised by dashboards, continues to hold significance.

    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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