Elizabeth Vale (postcode 5112) is a compact suburb in South Australia within the Playford local government area. With a population of 4,331, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $44K 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
The median house price in Elizabeth Vale is $698,000, having edged higher by 1.9% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,083.
Elizabeth Vale is served by 1 school, including 1 primary. The average ICSEA score is 889, which is well below the national average of 1,000. Public transport access includes 31 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Playford LGA is higher than average at 14,177 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices are near the state median ($698K/$950K). The price-to-income ratio of 15.8x is considered stretched. House prices have moved +1.9% 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.