Located in South Australia within the Mitcham local government area, Belair is a compact suburb (postcode 5052). The area has roughly 4,718 residents and a settled, mature resident base, with a median age of 47. Households earn a median income of $118K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Belair is $1.3 million, having risen steeply by 10.5% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,100.
Belair is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1129, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 41 bus stops. The crime rate in the Mitcham LGA is below average at 2,840 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.4% (low yield). Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +10.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.