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Sturt, SA 5047

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 Sturt, SA 5047 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 “Sturt, SA 5047”

  1. The total adult population (15 years or older) of Sturt 5047 SA is 2,355, with a median age of 38. Of those, 39.62% are married, 15.07% are divorced or separated, 39.19% are single and 6.07% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,724. The median monthly mortgage repayment for households in this suburb is $1,616 which is 24.03% of their earnings.

    Source: ABS Census Data (2021)

  2. The South Australian suburb of Sturt 5047, located an approximate 13 kilometres from the CBD, is classified as a residential neighbourhood estimated to have approximately 1464 households. As of the third quarter in 2023, the typical price for houses in this area stands at $665,212, with these properties commanding a median weekly rent of $512. Interestingly, properties in this region produce a favourable indicative yield of 4.0%, standing above the minimal attractive market requirement for property investors that lies at 3%.

    From a socio-economic perspective, Sturt scores a decent 934 out of a possible 1217 on the IRSAD scale. This demonstrates a relatively strong socio-economic status within the populace, indicative of consistent income levels and accessibility to economic resources, making this a vibrant community. Concerning the renter to owner ratio, the suburb sits at 40%, which is in the medium range and offers a balanced market for investors. Moreover, the low units to houses ratio of only 3% indicates less rental saturation, therefore signifying lesser competition among landlords for tenants.

    However, Sturt’s affordability index for houses is a notable area of concern, standing at 39 years. This implies that the estimated time required to own a property fully in the area, based on variables such as typical property prices, current interest rates, and median family income, surpasses the standard 30-year mortgage. Consequently, this aspect could be an indicator of decreased affordability.

    When turning our attention to the supply metrics, we notice that the suburb shows favourable figures. It showcases a very low stock on market Percentage for its houses, at 0.14%, indicating a low supply and therefore a potential growth opportunity. In the same trend, inventory levels for houses are also very low in this area at 0.5 months, which is again favourable towards property investors.

    Shifting our focus to demand metrics, the average days on market for houses is a neutral 53 days, indicating a balanced market. Further stirring investor interest is the considerably low vacancy rate, standing at 0.51%. Such a figure suggests high demand for available properties. Meanwhile, the buy search index for houses in Sturt is at 5, falling on the average compared to state/city ratio.

    In conclusion, despite some metrics slightly exceeding the desirable ranges, most of the indicators, including the attractive yield of 4%, point towards an advantageous position for property investors. To note, the Relative Composite Score (RCS) developed by HtAG Analytics, which compiles over 80 metrics, could further enhance the research and understanding of this market’s dynamics and outlook.

    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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