Ovingham SA Property Investment

THE MARKET

Median house price in Ovingham sits at $998,310 with 22 days on market and a 0.7% vacancy rate. This is a tight rental market right now.

- **Median house:** $998,310 | **Units:** $603,595 - **Gross yield:** 3.6% | **Net yield:** 2.1% - **Vacancy:** 0.7% (worsening) | **Rental demand:** Very High - **5yr price growth:** -3.2%/yr | **3yr forecast:** -3.6%/yr - **Days on market:** 22 (improving)

STR potential: $155/night at 64% occupancy = ~$36,208/yr gross. Long-term at $35,620/yr may be simpler with comparable returns.

BULL CASE

If Ovingham maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,148,056 within 3 years with yields compressing slightly as capital values rise.

Notable infrastructure: **Ovingham Level Crossing Removal Project - Torrens Road Bridge** (completed). Plus 2 more projects in the pipeline.

BEAR CASE

A market correction or interest rate shock could see prices in Ovingham pull back 10-15% from $998,310, with vacancy rising to 1.3% and rental yields softening as tenants gain leverage.

WHAT TO DO

Ovingham offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough 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 4.1%.

- Entry range: $898,479 – $1,098,141 - Minimum 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.