Located in South Australia within the Adelaide Hills local government area, Cherryville is a small, quiet locality (postcode 5134). The area has roughly 125 residents and a mature demographic, with a median age of 48. Households earn a median income of $106K 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, technicians & trades, labourers. Employment in the area leans toward education and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Cherryville is $610,000, having eased back by 1.4% over the past year. The current median weekly rent is $490. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,767.
The crime rate in the Adelaide Hills LGA is low at 800 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($610K/$950K), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -1.4% 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.