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Hallett Cove, SA 5158

Home » SA Real Estate Data » City of Marion, SA » Hallett Cove, SA 5158

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 Hallett Cove, SA 5158 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 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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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 “Hallett Cove, SA 5158”

  1. The total adult population (15 years or older) of Hallett Cove 5158 SA is 10,458, with a median age of 43. Of those, 55.84% are married, 10.96% are divorced or separated, 29.45% are single and 3.79% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,476. The median monthly mortgage repayment for households in this suburb is $1,700 which is 20.06% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Hallett Cove, postal code 5158, is nestled in the state of South Australia and is set to include an estimated 5,265 households. As we venture into the third quarter of 2023, the typical sale price for houses in this area is pinpointed at $760,846, while the median weekly rent is positioned at $566. This results in an indicative yield of approximately 3.87%, positioning Hallett Cove as a solid option for cashflow-focused property investors.

    In terms of demographic fundamentals, this area boasts an IRSAD score of 1,025 out of a potential 1,217, indicative of a well-off population with access to economic resources and potentially higher disposable income. Signalling promising rental returns, the renter to owner ratio in Hallett Cove is a relatively low 14%, implying less intense competition among landlords for tenants. This figure complements the low units to houses ratio of 3%, suggestive of a suburb dominated by houses rather than apartments or units, and by extension, a neighbourhood potentially sought after by long-term renting families.

    However, an investor must bear in mind the affordability index for houses in the area is pointed at 35 years, suggesting a level of decreased affordability for prospective homeowners. A look into the supply metrics reveals a low stock on market Percentage for houses at 0.16%, pointing towards limited real estate availability on the market. This factor is backed by the short inventory level for houses at half of a month, suggesting a quick turnover from listing to sale. building approvals for houses are relatively low at 0.16%, indicating a low inflow of new properties to the market.

    The demand for houses in Hallett Cove also seems well-founded. The Median days on market clocks in at a swift 31 days, reflective of a high demand for the area. The combined vacancy rate for both houses and units is at a low 1.47%, implying a lack of available properties and high competition among potential tenants. The buy search index for houses, however, is at a moderate level of 3, suggesting steady interest from potential buyers within the state or city average.

    Overall, Hallett Cove appears to present favourable conditions for property investment. It’s important, though, to continue monitoring local market trends and fluctuations, and to consider services like the HtAG Analytics’ RCS (Relative Composite Score) to streamline the property market analysis process.

    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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