Grange is a mid-sized suburb in South Australia within the Charles Sturt local government area (postcode 5022). With a population of 6,143, the suburb has a mature demographic with a median age of 49. Households earn a median income of $89K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Grange is $1.5 million, having increased 3.8% over the past year. The current median weekly rent is $622. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Grange is served by 1 school, including 1 primary. The average ICSEA score is 1075, which is above the national average of 1,000. Public transport access includes 2 rail stations, 31 bus stops. The crime rate in the Charles Sturt LGA is below average at 3,646 incidents per 100,000 population.
From an investment perspective, Grange offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 16.9x is considered stretched. House prices have moved +3.8% year-on-year.
Grange is a mid-sized suburb in South Australia within the Charles Sturt local government area (postcode 5022). With a population of 6,143, the suburb has a mature demographic with a median age of 49. Households earn a median income of $89K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Grange is $1.5 million, having increased 3.8% over the past year. The current median weekly rent is $622. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,000.
Grange is served by 1 school, including 1 primary. The average ICSEA score is 1075, which is above the national average of 1,000. Public transport access includes 2 rail stations, 31 bus stops. The crime rate in the Charles Sturt LGA is below average at 3,646 incidents per 100,000 population.
From an investment perspective, Grange offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 16.9x is considered stretched. House prices have moved +3.8% year-on-year.