Elizabeth East is a compact suburb in South Australia within the Playford local government area (postcode 5112). With a population of 4,607, the suburb has an established demographic with 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Elizabeth East is $700,000, having increased by 2.8% over the past year. Units have a median price of $345,000 (+19% YoY). The current median weekly rent is $412. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,062.
Elizabeth East is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 23 bus stops. The crime rate in the Playford LGA is higher than average at 11,200 incidents per 100,000 population.
Looking at the investment signals, Elizabeth East shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($700K/$950K). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +2.8% 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.