Colonel Light Gardens is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 3,311, the suburb has an established demographic with a median age of 42. Households earn a median income of $130K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Colonel Light Gardens is $1.7 million, having surged 14.4% over the past year. Units have a median price of $502,000 (+15.9% YoY). The current median weekly rent is $572. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,173.
Colonel Light Gardens is served by 2 schools, including 2 primary. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Mitcham LGA is low at 1,993 incidents per 100,000 population.
From an investment perspective, Colonel Light Gardens offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +14.4% year-on-year.
Colonel Light Gardens is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 3,311, the suburb has an established demographic with a median age of 42. Households earn a median income of $130K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Colonel Light Gardens is $1.7 million, having surged 14.4% over the past year. Units have a median price of $502,000 (+15.9% YoY). The current median weekly rent is $572. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,173.
Colonel Light Gardens is served by 2 schools, including 2 primary. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Mitcham LGA is low at 1,993 incidents per 100,000 population.
From an investment perspective, Colonel Light Gardens offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$950K), placing it in the premium segment. The price-to-income ratio of 12.8x is considered stretched. House prices have moved +14.4% year-on-year.