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Munno Para West, SA 5115

Home » SA Real Estate Data » City of Playford, SA » Munno Para West, 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 West, 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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5BR

Rent 

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Yield 

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Buy 

1BR

2BR

3BR

Rent 

1BR

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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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4 thoughts on “Munno Para West, SA 5115”

  1. The total adult population (15 years or older) of Munno Para West 5115 SA is 5,360, with a median age of 27. Of those, 35.84% are married, 12.87% are divorced or separated, 49.03% are single and 2.37% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,820. The median monthly mortgage repayment for households in this suburb is $1,319 which is 19.34% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of Munno Para West, postcode 5115, is situated within South Australia and is estimated to house approximately 3199 households. As we examine property market statistics for the third quarter of 2023, the typical price for houses in Munno Para West 5115 stands at $487,395. The median weekly rent is currently priced at $423, generating an indicative yield of 4.51%. This yield exceeds the minimum requirement of 3% for cashflow-focused property investors, suggesting a relatively attractive return on investment.

    The suburb holds an IRSAD score of 898 out of 1217 suggesting an above average socio-economic standing among residents. The renter to owner ratio stands at 41%, indicating a higher proportion of rented properties which infers higher competition among property investors. However, the units to houses ratio is 0%, indicating no units or apartments—this could reflect a strong demand for houses in the area given the absence of competing rental types.

    Farther revealing the richness of the local property market, the affordability index for houses in Munno Para West sits at 28 years, under the 30 years threshold, demonstrating a high level of affordability for residents despite being slightly higher than the standard 30-year mortgage presumption.

    Supply metrics show a stock on market percentage at 0.54%, falling within the neutral range, while the inventory level is a favourable 0.96 months. The building approvals ratio for houses is slightly high at 2.31%, suggesting an upcoming increase in housing supply.

    Touching on demand metrics, the average number of days a house remains on the market is 36 days, signifying a high demand scenario, while the combined vacancy rate for houses and units suggests a high demand as well at only 1.13%. However, the buy search index for houses is at 3.0, which suggests neutral demand.

    Overall, while some metrics fall within an unfavourable range, most are favourable or neutral which indicates a healthy market environment for the suburb of Munno Para West. Of course, it’s important to consider property market trends alongside these metrics and always utilise tools like the RCS (Relative Composite Score) to streamline property investment research and decision-making.

    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.

  3. Would it be fair to say that for a $ 500 k budget, an investor looking to buy a 3 bedroom house in greater Adelaide, one can possibly shortlist this suburb noticeably because of a high Low risk RCS score of 60, cashflow RCS score 90 and capital growth RCS score of 81? Which other suburb one could invest with a $ 500 k budget in greater Adelaide with capital growth as the main objective?

    • Yes a very interesting suburb indeed. A couple of things I would personally look at is the high proportion of renters, the irregular growth rate cycle pattern and sharply risking building approvals.

      As you said, I would definitely shortlist this area, but would take into consideration my investment horizon to see whether the aforementioned negatives would impact on my returns.

      Other positives to mention are sharply falling SoM and Inventory including DoM. This means that supply is reducing (which could offset the increase in the building approval activity) and that demand is increasing, hence the relatively high RCS scores.

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