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Elizabeth Park, SA 5113

Home » SA Real Estate Data » City of Playford, SA » Elizabeth Park, 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 Park, 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.

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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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 Park, SA 5113”

  1. The total adult population (15 years or older) of Elizabeth Park 5113 SA is 3,415, with a median age of 33. Of those, 33.44% are married, 15.20% are divorced or separated, 45.27% are single and 5.92% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $4,656. The median monthly mortgage repayment for households in this suburb is $1,083 which is 23.26% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Elizabeth Park, postcode 5113, situated in South Australia, comprises approximately 1919 households. By the third quarter of 2023, the typical house prices in Elizabeth Park are $405,397, with a median weekly rental price of $364. This rental value corresponds to an indicative yield of 4.67%, surpassed the minimum market attractive requirement which is 3%.

    The IRSAD score, a socio-economic gauge, stands at 773 out of a max of 1217, suggesting the area is reasonably well off socio-economically. However, the renter to owner ratio is slightly high at 46%, indicating that nearly half of the properties are rental homes which may reduce the overall ‘vibe’ of the neighbourhood for owner-occupiers.

    Interestingly, there are no units in this suburb, as reflected in the zero units to houses ratio. This may appeal to those investors who prefer markets with fewer units, thus reducing competition for tenants and potentially enhancing rental yields.

    When assessing affordability, it’s estimated that it would take 34 years to fully own a property, a little above the standard of 30 years. This hints that the suburb may be less affordable for some buyers.

    In terms of supply metrics, the stock on market Percentage for houses is at 0.16%, indicating a low supply of houses on the market. Additionally, the inventory level rests at 0.44 months, corroborating the low supply status of the market, a favourable situation for property investors. The building approvals Ratio, however, is on the high side at 0.64%, implying more stock could enter the market.

    Demand metrics are also within reasonable levels. The average days on market (DoM) figure standing at 47 indicates moderate demand, while the low vacancy rate of 0.68% shows high occupancy rates. The Buy Search Index, gauging online market interest, stands at 4, indicating that interest is aligning with the state/city average.

    In conclusion, while Elizabeth Park does have its challenges, particularly with the higher renter to owner ratio and a slightly strained affordability index, favourable supply and demand factors, coupled with a solid indicative yield, mark this suburb as a potentially worthwhile destination for property investment consideration. As always, seasonal and market trends along with more comprehensive data analysis like HtAG’s Relative Composite Score should be taken into account for more informed 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.

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