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Evanston, SA 5116

Home » SA Real Estate Data » Town of Gawler, SA » Evanston, 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, 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.

Buy 

2BR

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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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, SA 5116”

  1. The total adult population (15 years or older) of Evanston 5116 SA is 2,130, with a median age of 39. Of those, 31.17% are married, 20.70% are divorced or separated, 40.94% are single and 6.90% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,804. The median monthly mortgage repayment for households in this suburb is $1,248 which is 21.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Friendly and accommodating, the suburb of Evanston, postcode 5116, in South Australia is home to approximately 1404 households. Moving towards the third quarter of 2023, the typical prices for houses in Evanston stands at a modest $449,892, and with the median weekly rent hitting $344, the indicative yield produced is an attractive 3.98%. This yield sees Evanston meeting the minimum market requirement of 3% for cashflow-centric property investors.

    In terms of socio-economic profiles, the suburb scored 847 out of 1217 on the IRSAD. This demonstrates a comfortably mid-range status, suggesting a moderate level of income, access to resources and professional qualifications among the local residents.

    However, investors may need to take into account the relatively higher renter to owner ratio at 45%. This leans towards the upper range of the spectrum and may hint at a potential saturation of rental properties in the market, possibly diluting returns in the long run. The units to houses ratio, meanwhile, is considerably low at just 6%, insinuating less competition among landlords for tenants and higher rental yields.

    The affordability index for houses in Evanston is measured to be 30 years, just at the brink of the favourable range, suggesting a reasonable level of affordability for potential homeowners in the area.

    In terms of supply indicators, Evanston sits pretty well. The stock on market Percentage for houses is low at 0.24%, which coupled with a short inventory level of 0.51 months and a building approvals Ratio of 0.56% suggests low supply conditions. This could be favourable for homeowners as it might drive up property prices due to reduced competition.

    Yet, with the days on market for houses being 111, there is an indication of relatively lower demand. However, a low vacancy rate (combining houses and units) of 0.63% is massively favourable, indicating high housing demand. Yet, the buy search index for houses sits at 3, portraying a limited demand, which conveys a mix signal to investors.

    Like any investment decision, basing your actions on an understanding of the available data, keeping informed on market trends is vital for success. Using an automated service like HtAG’s RCS may provide a handy solution. Despite some metrics sitting outside the optimal range, Evanston 5116’s property market shows potential, with several attractive aspects to be considered.

    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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