Clare (postcode 5453) is a smaller residential area in South Australia within the Clare and Gilbert Valleys local government area. It is home to about 3,238 residents, with a mature demographic and a median age of 45. Households earn a median income of $68K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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 healthcare and retail trade. The top ancestries reported are English, Australian, German.
Units have a median price of $414,000 (+13% YoY). The current median weekly rent is $425. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,256.
Clare is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1017, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Clare and Gilbert Valleys LGA is below average at 2,656 incidents per 100,000 population.
From an investment perspective, Clare shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($414K/$950K), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +13.0% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.