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Plympton Park, SA 5038

Home » SA Real Estate Data » City of Marion, SA » Plympton Park, SA 5038

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 Plympton Park, SA 5038 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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Buy 

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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 “Plympton Park, SA 5038”

  1. The total adult population (15 years or older) of Plympton Park 5038 SA is 3,233, with a median age of 36. Of those, 43.49% are married, 11.72% are divorced or separated, 40.09% are single and 4.61% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $8,680. The median monthly mortgage repayment for households in this suburb is $1,820 which is 20.97% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Plympton Park, with its postal code of 5038, is nestled within the vibrant and diverse state of South Australia. Hosting approximately 1819 households, this residential haven showcases an appealing blend of lifestyle and investment potential.

    By the third quarter of 2023, housing prices in Plympton Park hover around the mark of $783,537. This aligns with a median weekly rent of about $534, producing an opportunity for a respectable indicative yield of 3.54%. Amid alluring yields, it’s essential to note the suburb’s IRSAD score. At 995 out of a possible 1217, it suggests inhabitants here enjoy a commendable level of access to economic resources and generally exist within fair income brackets and skilled professions.

    Digging deeper into investment potential, let’s observe the renter to owner ratio, which stands at 39%. This percentage indicates a reasonable balance between property owners and renters, suggesting a lively rental market without an oversupply of rental properties. Contributing further to this market appeal is the units to houses ratio of a low 10%, implying that houses, preferred by longer-term tenants like families, dominate the property landscape.

    Yet, a mere analysis of yield potential and ownership landscapes would be incomplete without assessment of affordability. The affordability index resonates at 35 years, indicating that houses in Plympton Park require a considerable duration to fully own. While this may convey slightly lower affordability, it’s crucial to balance this with other favourable metrics.

    In the realm of supply, the stock on market Percentage for houses is an impressive 0.32%, indicating the relative scarcity of unsold houses. A low inventory level of 0.97 months further consolidates this low supply situation, promoting competition amongst buyers and potential yield appreciation. Building Approval Ratio stands at a minor 1.03%, hinting that there isn’t much new supply entering the market soon.

    Plympton Park houses seem to be in high demand, as evidenced by an attracting days on market measure of just 17 and an impressively low vacancy rate of 0.56%. This indicates that listed houses sell relatively quickly and rental properties don’t remain vacant for long, potentially offering timely income streams to landlords. A buy search index of 5 reflects state-average demand, adding to this high desirability.

    Hence, while Plympton Park may present certain affordability challenges, its impressive yield potential, balanced socio-economic structure, healthy ownership ratio, along with notable supply-demand dynamics offer a compelling investment case. However, as always, be sure to stay informed with real-time data and consider using the RCS to evaluate over 80 relevant metrics, ensuring a fully informed investment decision.

    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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