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Colonel Light Gardens, SA 5041

Home » SA Real Estate Data » City of Mitcham, SA » Colonel Light Gardens, SA 5041

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 Colonel Light Gardens, SA 5041 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.

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Yield 

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Buy 

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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 “Colonel Light Gardens, SA 5041”

  1. The total adult population (15 years or older) of Colonel Light Gardens 5041 SA is 2,635, with a median age of 42. Of those, 57.23% are married, 7.89% are divorced or separated, 31.27% are single and 3.30% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $11,716. The median monthly mortgage repayment for households in this suburb is $2,173 which is 18.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within South Australia, the suburb in question, Colonel Light Gardens (postcode 5041), is a close-knit community with nearly 1,297 households. As of the third quarter of 2023, housing prices in Colonel Light Gardens have settled at an average of $1,294,755. The median weekly rent, running at $582, results in an indicative yield of 2.34%, even though the yield falls slightly short of the attractive market requirement of 3%.

    Colonel Light Gardens showcases its high socio-economic status with an impressive IRSAD score of 1,096 out of 1,217, painting a promising picture of access to economic resources, high income levels and skilled professions.

    The neighbourhood is predominantly owner-occupied, with a low renter to owner ratio of only 12%. This makes the area potentially more stable and contributes positively to the neighbourhood ‘vibe’. Furthermore, the community comprises entirely of houses, as illustrated by a units to houses ratio of 0%. This indicates less competition among landlords, which can help maintain higher rental yields and attract long-term tenants.

    However, the affordability of housing presents a challenge with an average ‘Years to Own’ rate of 43 years, making it a relatively expensive market for prospective homeowners. In terms of supply metrics, the stock on market percentage for houses in the area is favourably low at 0.08%, and the property market exhibits a favourable low inventory level of 0.38 months. The relatively low building approvals ratio of 0.15% suggests limited upcoming supply, which may work to keep demand and prices stable.

    On the demand side, the area performs fairly well with houses spending an average of 40 days on the market. Although slightly higher than the high-demand benchmark of 35 days, it is comfortably below the low-demand threshold of 90 days. The vacancy rate is comfortably neutral at 2.0%, hinting at a healthy balance of occupancy and availability in the area.

    The buy search index for houses stands at 4, falling within the neutral range, therefore pointing towards a moderate level of interest among prospective buyers.

    Despite certain challenges, Colonel Light Gardens exhibits several promising traits for property investment. It’s crucial to maintain a thorough understanding of property market dynamics and keep updated with real estate data. Use the dashboard provided along the commentary to visualise these trends, and remember it’s okay to have some metrics fall outside a favourable range as long as the majority points towards a healthy market.

    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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