Hallett Cove is a well-established suburb in South Australia within the Marion local government area (postcode 5158). With a population of 12,512, the suburb has an established demographic with a median age of 43. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Hallett Cove is $1.0 million, having surged 10.9% over the past year. Units have a median price of $578,000 (+33.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,700.
Hallett Cove is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 2 rail stations, 89 bus stops. The crime rate in the Marion LGA is low at 1,918 incidents per 100,000 population.
From an investment perspective, Hallett Cove offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +10.9% year-on-year.
Hallett Cove is a well-established suburb in South Australia within the Marion local government area (postcode 5158). With a population of 12,512, the suburb has an established demographic with a median age of 43. Households earn a median income of $97K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Hallett Cove is $1.0 million, having surged 10.9% over the past year. Units have a median price of $578,000 (+33.8% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,700.
Hallett Cove is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1015, which is around the national average of 1,000. Public transport access includes 2 rail stations, 89 bus stops. The crime rate in the Marion LGA is low at 1,918 incidents per 100,000 population.
From an investment perspective, Hallett Cove offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 10.5x is considered stretched. House prices have moved +10.9% year-on-year.