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Greenacres, SA 5086

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 Greenacres, SA 5086 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 “Greenacres, SA 5086”

  1. The total adult population (15 years or older) of Greenacres 5086 SA is 2,592, with a median age of 33. Of those, 52.78% are married, 9.84% are divorced or separated, 33.99% are single and 3.70% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,072. The median monthly mortgage repayment for households in this suburb is $1,733 which is 21.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of South Australia, the Suburb of GREENACRES 5086 is home to an estimated 1,556 households. As we head into the third quarter of 2023, the typical price for houses in this area sits at approximately $737,215. This figure, coupled with a median weekly rental rate of $509, equates to an impressive indicative yield of 3.59% – slightly higher than the minimum attractive market requirement for investors.

    GREENACRES’ societal landscape is represented by an IRSAD score of 972 out of 1,217, pointing towards robust middle income levels and access to vital economic resources. The neighbourhood’s renter to owner ratio is calculated at 34%, falling slightly outside of the ideal figure but not so far as to cause significant concern amongst investors.

    Further evidence of the prevalence of homeownership in GREENACRES 5086 is found in the deeply low units-to-houses ratio: a mere 12%. Such a statistic highlights how the region is gleaming more towards home-owning families opting for houses rather than the transient, rental nature of units.

    It’s worth noting the affordability index. At 36 years, it is marginally above the desired range, indicating that the area has higher property prices relative to the median family income.

    In terms of supply metrics, the suburb performs favourably with a stock on market Percentage of 0.3% and an inventory level of 0.94 months for houses. With an equally favourable Building Approval Ratio of 1.21%, the market has lower supply, providing potential opportunities for growth.

    Demand-side, homes in GREENACRES 5086 sell reasonably quickly, with a days on market average of 50 days. Rental accommodation is tightly held with a vacancy rate of only 0.19% (combined houses and units), indicating strong command. This is reflected in a buy search index of 5, suggesting that the suburb’s property market is ticking along at an average pace when compared to the state/city.

    It’s worth keeping a watchful eye on GREENACRES 5086 because, while some metrics are not ideal, the majority are favourable. A holistic approach, considering both these metrics and the trend directions, is vital in making beneficial investment decisions.

    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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