Located in South Australia within the Adelaide Hills local government area, Ironbank is a small community (postcode 5153). It is home to about 537 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $134K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are Australian, English, Scottish.
The median house price in Ironbank is $865,000, having fallen by 6% over the past year. The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,136.
On the investment side, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($865K/$950K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved -6.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.