Ironbank is a small community in South Australia within the Adelaide Hills local government area (postcode 5153). With a population of 537, the suburb has an established demographic with a median age of 44. Households earn a median income of $134K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Ironbank is $921,000, having surged 91.8% over the past year. The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,136.
From an investment perspective, Ironbank offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($921K/$950K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +91.8% year-on-year.
Ironbank is a small community in South Australia within the Adelaide Hills local government area (postcode 5153). With a population of 537, the suburb has an established demographic with a median age of 44. Households earn a median income of $134K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Ironbank is $921,000, having surged 91.8% over the past year. The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,136.
From an investment perspective, Ironbank offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($921K/$950K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +91.8% year-on-year.