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Evanston Park, SA 5116

Home » SA Real Estate Data » City of Playford, SA » Evanston Park, SA 5116

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 Evanston Park, SA 5116 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 “Evanston Park, SA 5116”

  1. The total adult population (15 years or older) of Evanston Park 5116 SA is 3,423, with a median age of 41. Of those, 48.35% are married, 13.18% are divorced or separated, 31.29% are single and 7.33% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,428. The median monthly mortgage repayment for households in this suburb is $1,400 which is 18.85% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in South Australia, Evanston Park 5116 boasts 1,796 households. As of the third quarter of 2023, the standard house price in the area sits at a compelling $533,251. Coupled with a median weekly rent of $440, property investments in the area offer an attractive indicative yield of 4.29%, effectively surpassing the 3% minimum attractive market requirement for cashflow-focused property investors.

    In the arena of socio-economic features, Evanston Park scores 959 out of a possible 1217 on the IRSAD index, highlighting its residents’ relatively robust economic conditions. Moreover, the renter to owner ratio stands at a favourable 20%, far below the 30% optimal upper limit. This indicates that the neighbourhood enjoys a desirable balance, without the risk of oversaturation from rental properties that may dampen long-term returns.

    Interestingly, the suburb exhibits a unit to house ratio of 0%, implying a complete absence of units saturating the market with rentals. This positive scenario translates to less competition among landlords and potentially higher rental yields. The market’s absence of units also means the area likely resonates with families desiring longer tenancy periods, making Evanston Park a compelling property investment location.

    The affordability index for houses sits nicely at 28 years, reflecting the reasonable time span required by residents to fully own a property, based on variables such as current interest rates, median family income, and typical property prices. This level emphasizes the affordability of the housing market in Evanston Park, which bodes well for potential investors.

    From the supply perspective, Evanston Park enjoys a favourable condition, with the stock on market Percentage for houses at a mere 0.06%, indicating low supply. Furthermore, house inventories come up to 0.16 months, showing a rapid absorption of new listings – another favourable signal for property investors. The building approvals Ratio for houses, standing at 0.61%, suggests a controlled supply of new dwellings on the market.

    Evanston Park scores well in the demand parameters too. The days on market for houses averages 33, indicating a high demand. The suburb’s low vacancy rate of 0.82% further establishes this high demand, promising a greater potential for higher rents. However, the buy search index for houses at 3 warrants observation for it may suggest limited demand.

    Overall, Evanston Park 5116 demonstrates a mainly favourable property market. Notwithstanding some values, which may lean towards the unfavourable ranges, the majority of metrics suggest an attractive property investment climate. Considering all these variables and similar detailed analysis provided by HtAG Analytics’ RCS, Evanston Park could be a viable option for property investors seeking strong yields and stable 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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