Glenalta is a smaller suburb in South Australia within the Mitcham local government area (postcode 5052). With a population of 2,039, the suburb has an established demographic with a median age of 42. Households earn a median income of $102K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenalta is $1.0 million, having surged 12.1% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,811.
Public transport access includes 25 bus stops. The crime rate in the Mitcham LGA is low at 1,030 incidents per 100,000 population.
From an investment perspective, Glenalta offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +12.1% year-on-year.
Glenalta is a smaller suburb in South Australia within the Mitcham local government area (postcode 5052). With a population of 2,039, the suburb has an established demographic with a median age of 42. Households earn a median income of $102K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Glenalta is $1.0 million, having surged 12.1% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,811.
Public transport access includes 25 bus stops. The crime rate in the Mitcham LGA is low at 1,030 incidents per 100,000 population.
From an investment perspective, Glenalta offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +12.1% year-on-year.