Located in South Australia within the Holdfast Bay local government area, Glenelg South is a smaller residential area (postcode 5045). It is home to about 2,184 residents, with a mature demographic and a median age of 52. Households earn a median income of $81K per year, with an average household size of 2 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 education. The top ancestries reported are English, Australian, Irish.
Glenelg South has a median house price of $2.7 million, which has climbed sharply by 27.7% year-on-year. The current median weekly rent is $632. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,000.
Public transport access includes 9 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Holdfast Bay LGA is moderate at 4,167 incidents per 100,000 population.
On the investment side, Glenelg South shows a gross rental yield of approximately 1.2%, rated as low yield. Property prices are above the state median ($2.7M/$950K), placing it in the premium segment. The price-to-income ratio of 33.0x is considered stretched. House prices have moved +27.7% 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.