Wilmington SA Property Investment

Wilmington has compounded at 3.2%/yr over 5 years. Median sits in the $308,096 (pending peer validation) band today. Properties are sitting on market for 30 days (roughly balanced conditions).

• Median house: $308,096 (pending peer validation) | Units: $295,053
• Gross yield: 3.4% | Net yield: 1.9%
• 5yr price CAGR: 3.2%/yr | 3yr forecast: 13.5%/yr
• Population: 667 | Owner-occupier rate: 85% | Affluence: Average

• Supply pipeline: Moderate — Strong population growth likely attracting new development approvals

• Vacancy: 1.8% (improving) | Rental demand: High
• Median weekly rent: $200/wk | Days on market: 30 (stable)
• Landlord market — rents likely to keep rising.

• Median nightly rate: $491/night | Occupancy: 42%
• Estimated annual STR gross: ~$75,299/yr
• vs long-term rent: $10,400/yr (+624% STR premium — factor in higher management costs)

• No major confirmed infrastructure projects on record.
• Transport: Woolshed Flat station 22.3km away

If Wilmington maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $354,310 within 3 years with yields compressing slightly as capital values rise.

A market correction or interest rate shock could see prices in Wilmington pull back 10-15% from $308,096, with vacancy rising to 3.2% and rental yields softening as tenants gain leverage.

• Distance from CBD may limit long-term capital growth potential

• Elliston (SA): $341,559 median, 3.0% yield, 20.4% 1yr growth
• Jamestown (SA): $378,681 median, 5.7% yield, -1.5% 1yr growth
• Kalangadoo (SA): $381,729 median, 2.2% yield, 21.5% 1yr growth

Wilmington offers balanced fundamentals but does not present an urgent buying signal. The market is in a recovery phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

• Entry range: $277,286 – $338,906
• Minimum gross yield to target: 4.5%
• Watch signal: vacancy staying below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.