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Ridleyton, SA 5008

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 Ridleyton, SA 5008 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 “Ridleyton, SA 5008”

  1. The total adult population (15 years or older) of Ridleyton 5008 SA is 1,044, with a median age of 35. Of those, 31.61% are married, 15.42% are divorced or separated, 49.71% are single and 3.26% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $8,772. The median monthly mortgage repayment for households in this suburb is $1,687 which is 19.23% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the cosy suburb of Ridleyton 5008 houses approximately 743 households. As we reach the third quarter of 2023, this precinct presents an intriguing prospect for potential investors and buyers in the Australian property market.

    In terms of investment credentials, Ridleyton’s typical house prices stand at a reasonable $712,772 with a median weekly rent of $497. This culminates to an indicative yield of a solid 3.63% – an attractive proposition for any potential investor basing their decisions around cash flow.

    When examining the suburb’s socio-economic state, Ridleyton showcases an impressive IRSAD score of 984 out of 1217. This endorses the region’s overall economic and social health, with indicators of a robust income level, a skilled range of professions and good access to economic resources amongst its residents.

    However, a key factor to consider would be Ridleyton’s renter to owner ratio, as it stands at a relatively high 51%. This suggests an oversaturation of rental properties, potentially leading to increased competition amongst property investors and a lowered ‘vibe’ of the neighbourhood.

    The unit to houses ratio, however, is favourable at only 3%, which suggests less competition among landlords for tenants and more attractive to families seeking longer tenancy periods.

    Ridleyton’s affordability index sits at 32 years, exceeding the standard of 30-year time-frame for a full property ownership. This depicts that owning a house can be a longer journey for the residents, which could likely be due to factors such as the prevailing interest rates, median incomes and cost of houses.

    Supply side metrics in Ridleyton appear to promise a favourable buying environment. The stock on market percentage for houses is a welcoming 0.15%, significantly lower than the 0.4% threshold, revealing a low supply. Meanwhile, the inventory level for houses also registers at 0.8 months suggestive of a desirable low supply market. The percentage of newly approved buildings, the BA ratio, peacefully sits at a favourable 0.31%.

    The average number of days the houses in Ridleyton stay listed on the market – known as days on market (DoM) – stands at a swift 18 days, indicating high demand. Meanwhile, the combined house and unit vacancy rate sits low at 0.53%, indicating high demand for properties in this suburb.

    Lastly, the buy search index for houses in Ridleyton gives a decent figure of 4, implying a rather neutral demand in relation to the state or city average. This consolidates the overall healthy narrative for the prospective buyers and investors.

    Keeping in mind the balance of favourable and unfavourable conditions along with potential trends over time is key when considering property investments in Ridleyton. By utilising tools like the Relative Composite Score (RCS) developed by HtAG Analytics, you can gain a comprehensive understanding of the market based on a myriad of important 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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