Barmera is a smaller residential area in South Australia within the Berri Barmera local government area (postcode 5345). It is home to about 2,884 residents, with a mature demographic and a median age of 49. Households earn a median income of $54K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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, managers, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, German.
Units have a median price of $190,000 (+5.6% YoY). The current median weekly rent is $352. This gives a gross rental yield of approximately 9.6%. The median monthly mortgage repayment is $1,028.
Barmera is served by 2 schools, including 2 primary. The average ICSEA score is 941, which is below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Berri Barmera LGA is moderate at 4,646 incidents per 100,000 population.
From an investment perspective, Barmera shows a gross rental yield of approximately 9.6%, rated as high yield. Property prices sit below the state median ($190K/$950K), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved +5.6% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.