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Evanston Gardens, SA 5116

Home » SA Real Estate Data » Town of Gawler, SA » Evanston Gardens, SA 5116

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 Evanston Gardens, SA 5116 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 “Evanston Gardens, SA 5116”

  1. The total adult population (15 years or older) of Evanston Gardens 5116 SA is 1,778, with a median age of 30. Of those, 33.30% are married, 16.20% are divorced or separated, 46.68% are single and 4.11% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,948. The median monthly mortgage repayment for households in this suburb is $1,408 which is 20.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Evanston Gardens, postcode 5116, is a small and tightly-knit community just north of Adelaide, South Australia. Housing the approximate count of 1181 households, Evanston Gardens presents a vibrant residential market with distinct opportunities for property investors in Q3 2023.

    Houses in Evanston Gardens are registered with a typical price point of $486,757, paired with a median weekly rent of $442. These figures result in an indicative yield of 4.72%, which comfortably sits above the minimum attractive market requirement of 3% for cashflow-centred property investors.

    The suburb carries an IRSAD score of 915, a satisfactory result that indicates a relatively well-off socio-economic status amongst its residents. The renter to owner ratio is noted at 40%, a little over the recommended threshold but not reaching the high-risk range, which could be an indication of a balanced tenant-owner dynamic in the suburb.

    Furthermore, Evanston Gardens embodies a purely house-dominated residential scene with a 0% units to houses ratio. This would appeal to investors preferring less competition from units and a potential tenancy that favours families.

    In terms of affordability, the index spans around 27 years for prospective house buyers, falling under the favourable range that indicates higher affordability in the market.

    Examining the supply metrics, houses have a stock on market percentage of 1.41%, and an inventory level of 2.61 months. These figures suggest a relatively balanced market supply level, while the building approvals Ratio at 0.84% suggests a slow yet stable growth in housing stock.

    Demand is relatively strong in the suburb as well. The average number of days houses stay active on the market is 26, a favourable indication of high demand. Meanwhile, the vacancy rate (including houses and units) is quite low at 1.07%, another positive demand signal. The buy search index is maintained at 5, suggesting an average level of online interest in buying houses in Evanston Gardens compared to the state average.

    Keeping these metrics into consideration, Evanston Gardens offers promising opportunities for property investment in Q3 of 2023. However, regularly monitoring these metrics and market-fluctuations is key to successful property investment ventures.

    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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