Greenacres (postcode 5086) is a compact suburb in South Australia within the Port Adelaide Enfield local government area. The area has roughly 3,356 residents and a mix of families and early-career residents, with a median age of 33. Households earn a median income of $89K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Indian, English, Australian.
Greenacres has a median house price of $1.1 million, which has surged by 16.9% year-on-year. The current median weekly rent is $622. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,733.
Greenacres is served by 2 schools, including 2 primary. The average ICSEA score is 1058, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Port Adelaide Enfield LGA is higher than average at 11,174 incidents per 100,000 population.
From an investment perspective, Greenacres shows a gross rental yield of approximately 3.1%, rated as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 11.8x is considered stretched. House prices have moved +16.9% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.