Located in South Australia within the Mitcham local government area, Glenalta is a smaller suburb (postcode 5052). It is home to about 2,039 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $102K per year, with an average household size of 2.6 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Median house prices in Glenalta stand at $1.1 million, having grown strongly by 7.8% over the last twelve months. The current median weekly rent is $720. This gives a gross rental yield of approximately 3.4%. 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.
On the investment side, Gross rental yield sits at around 3.4% (moderate yield). Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +7.8% 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.