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Munno Para, SA 5115

Home » SA Real Estate Data » City of Playford, SA » Munno Para, SA 5115

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 Munno Para, SA 5115 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 “Munno Para, SA 5115”

  1. The total adult population (15 years or older) of Munno Para 5115 SA is 3,584, with a median age of 31. Of those, 33.45% are married, 15.15% are divorced or separated, 48.24% are single and 3.15% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,844. The median monthly mortgage repayment for households in this suburb is $1,296 which is 22.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of South Australia, the suburb of Munno Para 5115 is home to an estimated 2,588 households. As we approach the third quarter of 2023, typical house prices in the area sit at an average of $449,611. With a median weekly rent of $414, this translates to an indicative yield of 4.79% for property investors – a figure above the minimum 3% attractive market requirement.

    In terms of socio-economic standing, Munno Para records an IRSAD score of 851 out of a possible 1,217. This denotes a relatively average access to economic resources and skilled professions within the surrounding populace. Notably, the renter to owner ratio in the area stands at a somewhat high 46%, suggesting a significant portion of residents opt for rental occupancy. Coupled with a low units to houses ratio of 2%, indicating a low level of market saturation by units, rental property owners could face less competition in seeking tenants.

    Challenging slightly the affordability for prospective property buyers, the index rests at 30 years, which aligns within the standard 30-year mortgage terms implying an average level of affordability.

    Evaluating supply and demand statistics in Munno Para 5115, we find a stock on market Percentage for houses at 0.52%. This lies within the neutral range while the inventory level reaches 1.57 months suggesting a moderate supply in the marketplace. With a building approvals Ratio for houses at a rather high 8.37%, this could hint to a future increase in dwelling supply.

    The average days on market measure for houses is 35, implying a healthy demand for properties in the area. Bolstering this favourable demand metric is an impressively low vacancy rate of 0.59%, suggesting rental properties in the area are often occupied. However, a buy search index of 4 for houses lends a cautious note, indicating demand may be somewhat average in comparison to state/city averages, as per this metric.

    In conclusion, while Munno Para 5115 may present certain challenges for investors with its high renter to owner ratio and significant building approvals ratio, it still manifests as a potential investment hotspot thanks to its attractive yield, moderate supply levels and strong demand indicators. Investors should consider these metrics alongside Munno Para 5115’s RCS (Relative Composite Score) and prevailing market trends for a nuanced understanding of its property market potential.

    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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