Located in South Australia within the Port Adelaide Enfield local government area, Dry Creek is a quiet locality (postcode 5094). With a population of 232, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $63K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 technicians & trades, machinery operators & drivers, community & personal service. Employment in the area leans toward manufacturing and construction. The top ancestries reported are English, Australian, Chinese.
Dry Creek has a median house price of $710,000, which has moved higher by 3.2% year-on-year. The current median weekly rent is $570. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,079.
Public transport access includes 1 rail station, 10 bus stops. The crime rate in the Port Adelaide Enfield LGA is higher than average at 64,655 incidents per 100,000 population.
Looking at the investment signals, Dry Creek shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices are near the state median ($710K/$950K). The price-to-income ratio of 11.2x is considered stretched. House prices have moved +3.2% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.