Craigburn Farm is a compact suburb in South Australia within the Mitcham local government area (postcode 5051). It is home to about 3,099 residents, with an established demographic and a median age of 41. Households earn a median income of $153K per year, with an average household size of 3 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, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Craigburn Farm has a median house price of $1.5 million, which has declined by 4.8% year-on-year. The current median weekly rent is $695. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,383.
Public transport access includes 8 bus stops. The crime rate in the Mitcham LGA is low at 1,065 incidents per 100,000 population.
Looking at the investment signals, Craigburn Farm shows a gross rental yield of approximately 2.5%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 9.5x is considered moderate. House prices have moved -4.8% 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.