Clarence Gardens is a smaller suburb in South Australia within the Mitcham local government area (postcode 5039). With a population of 2,373, the suburb has an established demographic with a median age of 38. Households earn a median income of $114K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clarence Gardens is $1.3 million, having increased 4.5% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,038.
Public transport access includes 12 bus stops. The crime rate in the Mitcham LGA is below average at 3,708 incidents per 100,000 population.
From an investment perspective, Clarence Gardens offers a gross rental yield of 2.4%, rated as 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 +4.5% year-on-year.
Clarence Gardens is a smaller suburb in South Australia within the Mitcham local government area (postcode 5039). With a population of 2,373, the suburb has an established demographic with a median age of 38. Households earn a median income of $114K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Clarence Gardens is $1.3 million, having increased 4.5% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,038.
Public transport access includes 12 bus stops. The crime rate in the Mitcham LGA is below average at 3,708 incidents per 100,000 population.
From an investment perspective, Clarence Gardens offers a gross rental yield of 2.4%, rated as 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 +4.5% year-on-year.