Located in South Australia within the Adelaide Hills local government area, Carey Gully is a quiet locality (postcode 5144). It is home to about 428 residents, with a settled, mature resident base and a median age of 53. Households earn a median income of $88K 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, technicians & trades. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Carey Gully has a median house price of $1.0 million, which has dropped significantly by 28.4% year-on-year. The median weekly rent is $300 (Census 2021). This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,200.
Public transport access includes 15 bus stops. The crime rate in the Adelaide Hills LGA is low at 935 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.5% (low yield). Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 11.7x is considered stretched. House prices have moved -28.4% 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.