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South Plympton, SA 5038

Home » SA Real Estate Data » City of Marion, SA » South Plympton, 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 South Plympton, 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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Yield 

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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 “South Plympton, SA 5038”

  1. The total adult population (15 years or older) of South Plympton 5038 SA is 3,975, with a median age of 37. Of those, 43.14% are married, 12.25% are divorced or separated, 38.79% are single and 5.89% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,216. The median monthly mortgage repayment for households in this suburb is $1,700 which is 20.69% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in SA, the suburb of SOUTH PLYMPTON 5038 is home to an estimated 2406 households. As we dive into the Q3 statistics of 2023, we notice typical prices for houses standing at an average of $826,289. The median weekly rent, at a comfortable $485, gives rise to an indicative yield of 3.05%. Notably, this yield meets the minimum market requirement, attracting cashflow-centred property investors to the area.

    This suburb possesses an IRSAD score of 998 out of 1217. While this presents an above-average socio-economic status, it also suggests residents have good access to economic resources, with relatively high income levels and skilled professions. The renter to owner ratio sits squarely at 30%, a figure presenting a balanced market, not oversaturated with rental properties – an appealing factor influencing returns in the long term.

    Of interest to investors is the units to houses ratio, which is substantially low at 15%. This corresponds to less competition among landlords for tenants, potentially helping maintain higher rental yield while attracting more families looking for longer tenancy periods. Moreover, the lower proportion of units reduces the risk of price fluctuation and regulatory impacts on the market.

    However, the Affordability Index for houses stands at 39 years, indicating the territory of decreased affordability for prospective homeowners, based on factors like interest rates, household income and property prices.

    The supply metrics paint a desirable picture, with a stock on market Percentage of a mere 0.1% and an inventory level for houses at 0.34 months. This implies a low supply market. A building approvals ratio of 0.69% indicates a lower than average influx of new dwellings in the market, favouring the property climate.

    Demand metrics are equally robust. With an incredibly low 11 days on market (DoM) for houses, SOUTH PLYMPTON indicates a high-demand market. The Vacancy Rate, combined for both houses and units, is only 0.42% indicating high demand and offering property owners opportunities for capital gains. However, the buy search index stands at 3, representing neutral demand, which underscores the importance of not only the metric values but also their trends in shaping the local property market.

    Whether you’re a buyer or investor, the undeniable potential in SOUTH PLYMPTON 5038 rests upon the careful analysis of these market metrics, honed understanding of the local pulse, and discerned knowledge of the broader macroeconomic context. The landscape of real estate is ever-changing, and a watchful eye on market developments is key to making beneficial investment choices in this attractive suburb.

    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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