Located in South Australia within the Holdfast Bay local government area, Glenelg is a smaller residential area (postcode 5045). With a population of 3,440, the suburb has an older demographic with a median age of 55. Households earn a median income of $74K per year, with an average household size of 1.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, Irish.
The median house price in Glenelg is $1.9 million, having fallen sharply by 21.3% over the past year. Units have a median price of $641,000 (+11.3% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,733.
Glenelg is served by 2 schools, including 2 primary. The average ICSEA score is 1126, which is well above the national average of 1,000. Public transport access includes 18 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Holdfast Bay LGA is higher than average at 19,186 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.8% (low yield). Property prices are above the state median ($1.9M/$950K), placing it in the premium segment. The price-to-income ratio of 26.2x is considered stretched. House prices have moved -21.3% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.