Elizabeth Park is a smaller residential area in South Australia within the Playford local government area (postcode 5113). The area has roughly 4,428 residents and a mix of young professionals and families, with a median age of 33. Households earn a median income of $52K per year, with an average household size of 2.6 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, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Elizabeth Park has a median house price of $671,000, which has risen solidly by 5.3% year-on-year. The current median weekly rent is $515. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,083.
Elizabeth Park is served by 2 schools, including 2 primary. The average ICSEA score is 894, which is well below the national average of 1,000. Public transport access includes 31 bus stops. The crime rate in the Playford LGA is higher than average at 9,395 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices are near the state median ($671K/$950K). The price-to-income ratio of 12.9x is considered stretched. House prices have moved +5.3% 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.