Kent Town is a small locality in South Australia within the Norwood Payneham and St Peters local government area (postcode 5067). With a population of 1,443, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $76K per year, with an average household size of 1.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, Irish.
Kent Town has a median house price of $3.1 million, which has surged by 66.7% year-on-year. The current median weekly rent is $635. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $1,924.
Kent Town is served by 1 school, including 1 combined. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 12 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Norwood Payneham and St Peters LGA is higher than average at 15,731 incidents per 100,000 population.
From an investment perspective, Kent Town shows a gross rental yield of approximately 1.1%, rated as low yield. Property prices are above the state median ($3.1M/$950K), placing it in the premium segment. The price-to-income ratio of 40.8x is considered stretched. House prices have moved +66.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.