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Old Noarlunga, SA 5168

Home » SA Real Estate Data » City of Onkaparinga, SA » Old Noarlunga, SA 5168

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 Old Noarlunga, SA 5168 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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Yield 

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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 “Old Noarlunga, SA 5168”

  1. The total adult population (15 years or older) of Old Noarlunga 5168 SA is 1,260, with a median age of 41. Of those, 43.02% are married, 15.56% are divorced or separated, 36.98% are single and 4.05% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,380. The median monthly mortgage repayment for households in this suburb is $1,395 which is 18.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in South Australia, the suburb of Old Noarlunga, bearing the postcode 5168, is a residential community with approximately 727 households. Moving into the third quarter of 2023, real estate in this area presents house prices typically around the benchmark of $679,948. Accompanying this pricing structure, the median weekly rent in Old Noarlunga is set at $343, which generates an indicative yield of 2.62%.

    The socio-economic score or IRSAD for this suburb stands at 923 out of a possible score of 1217, suggesting this is a region with somewhat enhanced economic resources and an above-average level of income. With a renter to owner ratio at a lower 18%, the local property landscape is indeed less saturated with rental properties, helping reduce overall risk and competition among property investors.

    Distinctly, the units to houses ratio is at 2%, signifying a considerably lower presence of units compared to houses. The lower proportion of units aids in maintaining a competitive edge for landlords due to a lower degree of competition in procuring tenants, thereby fostering healthier rental yields. An increased visibility of houses compared to units also makes the area more appealing to families desiring longer tenancy periods.

    However, the affordability index in Old Noarlunga is poised at 36 years for houses, indicating a lower level of accessibility for home ownership, assuming the conventional application of a standard 30-year mortgage.

    The stock on market percentage for houses in this region is relatively low at 0.29%, tending towards favourable market conditions with a lesser supply. The inventory level for houses extends to an average of 1.26 months making it a favourable low supply market suggesting that the market is readily absorbent of new listings. Additionally, the building approvals Ratio for houses is 6.84%, indicating a potential rise in the number of new dwelling stock coming into the market.

    With respect to demand, the average days on market (DoM) for houses is an impressive low of 15 days, demonstrating a high demand scenario. The notable low vacancy rate of just 0.77% (combining houses and units), signifies the crucial balance of supply and demand leaning heavily towards the latter, and thus offering great investment opportunities.

    The buy search index for houses is currently at 4 which is considered neutral demand. It is essential to keep close tabs on these trends utilising the dashboard and consistently factoring these observations for efficient decision-making.

    While the Relative Composite Score (RCS) enables automated analysis of these market conditions, leveraging over 80 metrics, it is always advantageous to possess a deep subjective understanding of the nuances of these statistics when looking at such investments. A few unfavourable metrics do not necessarily render the market unviable for investment as long as a majority of the other factors indicate favourable returns.

    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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