Cumberland Park is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,571, the suburb has an established demographic with a median age of 41. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cumberland Park is $1.6 million, having surged 15.4% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,950.
Cumberland Park is served by 1 school, including 1 combined. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Mitcham LGA is higher than average at 9,140 incidents per 100,000 population.
From an investment perspective, Cumberland Park offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved +15.4% year-on-year.
Cumberland Park is a smaller suburb in South Australia within the Mitcham local government area (postcode 5041). With a population of 2,571, the suburb has an established demographic with a median age of 41. Households earn a median income of $99K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cumberland Park is $1.6 million, having surged 15.4% over the past year. The current median weekly rent is $595. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,950.
Cumberland Park is served by 1 school, including 1 combined. The average ICSEA score is 1065, which is above the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Mitcham LGA is higher than average at 9,140 incidents per 100,000 population.
From an investment perspective, Cumberland Park offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved +15.4% year-on-year.