Elizabeth is a small locality in South Australia within the Playford local government area (postcode 5112). It is home to about 1,033 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $47K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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 labourers, machinery operators & drivers, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
Median house prices in Elizabeth stand at $818,000, having jumped by 22.6% over the last twelve months. Units have a median price of $360,000 (+37.1% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,083.
Elizabeth is served by 6 schools, including 2 secondary, 2 combined, 2 special. The average ICSEA score is 892, which is well below the national average of 1,000. Public transport access includes 1 rail station, 24 bus stops. The crime rate in the Playford LGA is higher than average at 112,875 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.0%, which reads as low yield. Property prices are near the state median ($818K/$950K). The price-to-income ratio of 17.4x is considered stretched. House prices have moved +22.6% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.