Located in South Australia within the Unley local government area, Hyde Park is a small community (postcode 5061). With a population of 1,660, the suburb has a mature demographic with a median age of 45. Households earn a median income of $115K per year, with an average household size of 2.2 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, Scottish.
The median house price in Hyde Park is $2.1 million, having dropped significantly by 11.2% over the past year. The current median weekly rent is $662. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,300.
Hyde Park is served by 1 school, including 1 combined. The average ICSEA score is 1162, 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 moderate at 4,337 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.6% (low yield). Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 18.3x is considered stretched. House prices have moved -11.2% 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.