Fraud Blocker

Evandale, SA 5069

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 Evandale, SA 5069 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™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Evandale, SA 5069”

  1. The total adult population (15 years or older) of Evandale 5069 SA is 1,156, with a median age of 39. Of those, 46.19% are married, 10.21% are divorced or separated, 39.71% are single and 3.63% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $9,740. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in South Australia, the suburb of Evandale 5069 is home to an estimated 712 households. As we head into the third quarter of 2023, the area presents an intriguing prospect for both investors and home buyers alike.

    The typical price for houses in Evandale 5069 are holding at around $1,100,552, with a median weekly rent of $505. Despite doing the maths on this, it unfortunately only generates an indicative yield of 2.39%, slightly below the 3% minimum attractive market threshold for cashflow-focused property investors.

    The social fabric of Evandale 5069 is characterised by its relatively high IRSAD score, standing at 1059 out of 1217. This score attests to the neighbourhood’s good socio-economic status, suggesting a population with healthy incomes and a competitive employment market. A note for potential investors, however, is the suburb’s renter to owner ratio, which hovers slightly above the ideal range at 31%. But nothing too alarming here.

    Delving into the property landscape itself, Evandale 5069 presents a predominantly house-centered market, with just 24% of properties being units. This nature of dwelling composition can be advantageous for investment – suburbs with larger proportions of houses usually attract families, leading to longer tenancy periods and a less competitive rental market.

    When we examine the affordability index, significant consideration will be needed for prospective buyers or investors. The index for houses in Evandale 5069 stands at 44 years, indicating the weight of factors like property prices, interest rates and the median family income, and suggesting a somewhat daunting journey to full property ownership.

    In terms of supply, the stock on market Percentage for houses is a meagre 0.18%, indicating a low supply and hence capturing the spotlight for potential price growth due to increased demand. Further reinforcing this low-supply status, the suburb’s inventory level is just 0.6 months, while the Building Approval ratio stands at zero, suggesting little to no upcoming additions to the housing supply.

    Though the property market of Evandale 5069 shines bright regarding demand metrics, with the days on market for Houses at 18 days only—signifying high demand from buyers or renters looking for quick settlement. Moreover, a combined vacancy rate of just 0.9% for houses and units indicates extremely high demand for rental properties.

    Lastly, the buy search index for houses nests at a neutral point of 5, indicating that the Evandale 5069’s interest among property seekers is lined with the state/city’s average – potentially a sleeping giant waiting for its value to be realised.

    Despite some values straying into unfavourable territory, most indicators suggest that Evandale 5069 could be a solid investment – particularly for those eyeing long-term capital growth supported by consistent demand. As always, these key metrics – coupled with RCS (Relative Composite Score) analytics – can provide a holistic depiction of the property market, forming the foundation for sound investment decisions.

    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.

Leave a comment