Elizabeth Grove is a compact suburb in South Australia within the Playford local government area (postcode 5112). With a population of 2,531, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $43K per year, with an average household size of 2.3 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, Irish.
Elizabeth Grove has a median house price of $690,000, which has climbed sharply by 12.2% year-on-year. The current median weekly rent is $430. This gives a gross rental yield of approximately 3.2%. 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.
Looking at the investment signals, Gross rental yield sits at around 3.2% (moderate yield). Property prices are near the state median ($690K/$950K). The price-to-income ratio of 16.1x is considered stretched. House prices have moved +12.2% 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.