Glenelg is a smaller suburb in South Australia within the Holdfast Bay local government 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Glenelg is $2.5 million, having surged 68.4% over the past year. Units have a median price of $641,000 (+11.3% YoY). The current median weekly rent is $638. This gives a gross rental yield of approximately 1.3%. 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.
From an investment perspective, Glenelg offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.5M/$950K), placing it in the premium segment. The price-to-income ratio of 33.3x is considered stretched. House prices have moved +68.4% year-on-year.
Glenelg is a smaller suburb in South Australia within the Holdfast Bay local government 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Glenelg is $2.5 million, having surged 68.4% over the past year. Units have a median price of $641,000 (+11.3% YoY). The current median weekly rent is $638. This gives a gross rental yield of approximately 1.3%. 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.
From an investment perspective, Glenelg offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.5M/$950K), placing it in the premium segment. The price-to-income ratio of 33.3x is considered stretched. House prices have moved +68.4% year-on-year.