Erindale (postcode 5066) is a small community in South Australia within the Burnside local government area. The area has roughly 1,172 residents and a mature demographic, with a median age of 48. Households earn a median income of $123K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
The median house price in Erindale is $3.1 million, having climbed sharply by 53.8% over the past year. The current median weekly rent is $580. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $2,392.
Public transport access includes 6 bus stops. The crime rate in the Burnside LGA is below average at 3,242 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.0% (low yield). Property prices are above the state median ($3.1M/$950K), placing it in the premium segment. The price-to-income ratio of 25.0x is considered stretched. House prices have moved +53.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.