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Elizabeth North, SA 5113

Home » SA Real Estate Data » City of Playford, SA » Elizabeth North, SA 5113

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 Elizabeth North, SA 5113 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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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 “Elizabeth North, SA 5113”

  1. The total adult population (15 years or older) of Elizabeth North 5113 SA is 2,898, with a median age of 36. Of those, 24.50% are married, 19.43% are divorced or separated, 49.65% are single and 6.49% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $4,380. The median monthly mortgage repayment for households in this suburb is $867 which is 19.79% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of SA, the suburb of ELIZABETH NORTH 5113 is a bustling locale that is estimated to be home to approximately 1963 households. Its market portrays an appealing snapshot of the Australian property terrain as of Q3 2023.

    The typical house price here rests at an accessible $351,406, and with median weekly rents milling around the $338 mark, owners can expect a robust indicative yield of 5.0%—an appealing edge over the 3% threshold which typically peaks the interest of cashflow-focused investors.

    The socio-economic landscape of ELIZABETH NORTH, as underscored by its IRSAD score of 741 out of 1217, reveals a moderate socio-economic status—an important factor to assess before investing.

    In terms of rental dynamics, ELIZABETH NORTH presents a 55% renter to owner ratio, a figure exceeding the recommended maximum threshold of 45%. Although this might raise concern due to increased competition amongst landlords and potential rental yield squeeze, ELIZABETH NORTH counterbalances this with a low unit to house ratio of just 3%, pointing to limited rental competition and a potential for more stable tenancy periods.

    However, some caution is advised given a slightly increased affordability index at 31 years signifying a longer than standard 30-year mortgage term scenario. Yet, it’s encouraging to see the stock on the market for houses is at a favourable low of 0.06%, as is the inventory level at significantly low 0.15 months—both testifying to an enticingly sparse supply.

    Simultaneously, building approvals ratio is in check at 1.92%, preventing any oversupply issues. The days on the market hover at 46 days, a shade over the preferred maximum of 35 days but still within an acceptable range.

    Vacancy rates combined for houses and units are incredibly favourable at a low 0.46%, highlighting high occupancy and suggesting solid demand. Lastly, a buy search index standing at 4 signifies a decent demand which completes a generally encouraging picture for property investors and owner-occupiers alike.

    Overall, despite a few metrics cautioning circumspect investment, the suburb of ELIZABETH NORTH presents substantial investment merits, fostered further by the impressive yield and low supply. As with any property investment, understanding and considering all these real estate metrics and the market dynamics they represent is crucial in making informed and beneficial property 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.

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