Angaston is a smaller residential area in South Australia within the Barossa local government area (postcode 5353). It is home to about 2,202 residents, with an older-leaning population and a median age of 46. Households earn a median income of $68K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +2.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. SA also had 23 Commonwealth-backed major projects under construction, 2 underway, and 11 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, professionals, managers. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are English, Australian, German.
Units have a median price of $315,000 (+30.7% YoY). The current median weekly rent is $425. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $1,343.
Angaston is served by 2 schools, including 2 primary. The average ICSEA score is 1038, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Barossa LGA is below average at 2,089 incidents per 100,000 population.
Looking at the investment signals, Angaston shows a gross rental yield of approximately 7.0%, rated as high yield. Property prices sit below the state median ($315K/$950K), which can point to relative value. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +30.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.