Elizabeth Grove is a smaller suburb in South Australia within the Playford local government area (postcode 5112). With a population of 2,531, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $43K per year, with an average household size of 2.3 people. The most common occupations are labourers, machinery operators & drivers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Elizabeth Grove is $615,000, having declined 5.5% over the past year. The current median weekly rent is $395. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,075.
Elizabeth Grove is served by 2 schools, including 2 primary. The average ICSEA score is 930, which is below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Playford LGA is higher than average at 11,774 incidents per 100,000 population.
From an investment perspective, Elizabeth Grove offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($615K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 14.3x is considered stretched. House prices have moved -5.5% year-on-year.
Elizabeth Grove is a smaller suburb in South Australia within the Playford local government area (postcode 5112). With a population of 2,531, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $43K per year, with an average household size of 2.3 people. The most common occupations are labourers, machinery operators & drivers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Elizabeth Grove is $615,000, having declined 5.5% over the past year. The current median weekly rent is $395. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,075.
Elizabeth Grove is served by 2 schools, including 2 primary. The average ICSEA score is 930, which is below the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Playford LGA is higher than average at 11,774 incidents per 100,000 population.
From an investment perspective, Elizabeth Grove offers a gross rental yield of 3.3%, rated as moderate yield. Property prices sit below the state median ($615K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 14.3x is considered stretched. House prices have moved -5.5% year-on-year.