Bedford Park is a small community in South Australia within the Mitcham local government area (postcode 5042). With a population of 1,882, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are Australian, English, Chinese.
The median house price in Bedford Park is $1.1 million, having surged 30.7% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,600.
Bedford Park is served by 1 school, including 1 secondary. The average ICSEA score is 1101, which is well above the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Mitcham LGA is higher than average at 9,405 incidents per 100,000 population.
From an investment perspective, Bedford Park offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +30.7% year-on-year.
Bedford Park is a small community in South Australia within the Mitcham local government area (postcode 5042). With a population of 1,882, the suburb has a young professional demographic with a median age of 28. Households earn a median income of $75K per year, with an average household size of 2.5 people. The most common occupations are community & personal service, professionals, labourers. The top ancestries reported are Australian, English, Chinese.
The median house price in Bedford Park is $1.1 million, having surged 30.7% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $1,600.
Bedford Park is served by 1 school, including 1 secondary. The average ICSEA score is 1101, which is well above the national average of 1,000. Public transport access includes 1 rail station, 29 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Mitcham LGA is higher than average at 9,405 incidents per 100,000 population.
From an investment perspective, Bedford Park offers a gross rental yield of 1.7%, rated as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +30.7% year-on-year.