Located in South Australia within the Onkaparinga local government area, Hackham West is a smaller residential area (postcode 5163). The area has roughly 3,620 residents and an established family demographic, with a median age of 41. Households earn a median income of $48K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 community & personal service, labourers, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Hackham West is $756,000, broadly unchanged over the past year. Units have a median price of $468,000 (+16.9% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,083.
Hackham West is served by 1 school, including 1 primary. The average ICSEA score is 867, which is well below the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Onkaparinga LGA is higher than average at 8,011 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices are near the state median ($756K/$950K). The price-to-income ratio of 15.7x is considered stretched. House prices have moved +0.1% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.