Highgate (postcode 5063) is a small locality in South Australia within the Unley local government area. The area has roughly 1,504 residents and an established demographic, with a median age of 41. Households earn a median income of $114K 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.
Median house prices in Highgate stand at $2.6 million, having posted strong gains by 6.9% over the last twelve months. The current median weekly rent is $605. This gives a gross rental yield of approximately 1.2%. The median monthly mortgage repayment is $2,009.
Highgate is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1145, which is well above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Unley LGA is low at 1,729 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.2%, which reads as low yield. Property prices are above the state median ($2.6M/$950K), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +6.9% 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.