Located in South Australia within the Burnside local government area, Glenunga is a smaller suburb (postcode 5064). The area has roughly 2,184 residents and an established family demographic, with a median age of 44. Households earn a median income of $100K 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 +0.7% 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, Chinese.
The median house price in Glenunga is $2.4 million, having surged by 40.7% over the past year. The current median weekly rent is $885. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,400.
Glenunga is served by 1 school, including 1 secondary. The average ICSEA score is 1153, which is well above the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Burnside LGA is moderate at 6,777 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.9%, which reads as low yield. Property prices are above the state median ($2.4M/$950K), placing it in the premium segment. The price-to-income ratio of 24.5x is considered stretched. House prices have moved +40.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.