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Broadview, SA 5083

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 Broadview, SA 5083 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 

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 “Broadview, SA 5083”

  1. The total adult population (15 years or older) of Broadview 5083 SA is 3,709, with a median age of 36. Of those, 42.68% are married, 11.86% are divorced or separated, 40.31% are single and 4.93% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,884. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.51% of their earnings.

    Source: ABS Census Data (2021)

  2. Lying in the beautiful precinct of South Australia, the suburb of Broadview, postcode 5083, hosts an approximate of 2335 households. As the third quarter of 2023 unfolds, a typical house in Broadview is priced at an average of $844,596. Median weekly rents stand at $542, culminating in an indicative yield of 3.34%, which is considered fairly attractive for property investors centred around cash flow.

    When it comes to socio-economic metrics, Broadview exhibits an IRSAD score of 1008 out of 1217, implying that the suburb enjoys a relatively high socio-economic status, alongside accessibility to substantial economic resources. The renter to owner ratio in the suburb is recorded at 37%, a value that is slightly above the preferred range. However, it is crucial to remember that while lower ratios are usually advantageous, it is not precarious if there exists a balance in other parameters of the market.

    Broadview exhibits a units to houses ratio of 26%, which sits comfortably in the favourable range. The suburb primarily contains houses, creating an advantageous market for landlords, with less competition for tenants hence promoting higher rental yields.

    However, the affordability index represents a somewhat different scenario. Clocking at 37 years, it indicates that a good number of years are needed to fully own a property, factoring in elements such as the prevailing interest rates, median family income, and real estate prices in the area. This span exceeds the standard 30-year mortgage duration and hence could pose a challenge in terms of affordability.

    As we delve into the supply metrics, the stock on market Percentage for houses stands favourably low at 0.3%. The inventory level for houses mirrors this low supply scenario, maintaining a favourable average of 1.22 months. Broadview has maintained a fair balance when it comes to the supply of new houses with a building approvals Ratio for houses sitting at 1.27%.

    Corresponding to low supply and high demand, houses in Broadview are off the market in a swift average of 13 days. Vacancy Rates further reiterate this high demand, combining houses and units to register an astonishingly low 0.23%.

    When assessing the Demand metrics, the buy search index for houses rests at 3, which indicates that demand could be better, although it’s not too low to be of concern.

    While some metrics might not be in the perfect range, the favourable numbers in the overall picture, like yield, favourable unit to house ratio and high demand, still keep Broadview, 5083, an appealing market for property investors and buyers’ agents.

    Remember, real estate investment requires a comprehensive understanding of a location’s property market data, considering not only the metrics’ values but also their trends. Keep an eye on the RCS (Relative Composite Score) by HtAG Analytics, which simplifies this research by using over 80 metrics.

    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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