Forest Range is a quiet locality in South Australia within the Adelaide Hills local government area (postcode 5139). It is home to about 290 residents, with an established demographic and a median age of 38. Households earn a median income of $109K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, German.
The median house price in Forest Range is $815,000, having risen steeply by 48.3% over the past year. The median weekly rent is $330 (Census 2021). This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
The crime rate in the Adelaide Hills LGA is low at 1,724 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.1% (low yield). Property prices are near the state median ($815K/$950K). The price-to-income ratio of 7.5x is considered moderate. House prices have moved +48.3% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.