Largs Bay is a smaller suburb in South Australia within the Port Adelaide Enfield local government area (postcode 5016). With a population of 4,104, the suburb has a mature demographic with a median age of 46. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Largs Bay is $1.3 million, having surged 27.6% over the past year. Units have a median price of $539,000 (+20.5% YoY). The current median weekly rent is $566. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,800.
Largs Bay is served by 1 school, including 1 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 16 bus stops. The crime rate in the Port Adelaide Enfield LGA is moderate at 6,871 incidents per 100,000 population.
From an investment perspective, Largs Bay offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +27.6% year-on-year.
Largs Bay is a smaller suburb in South Australia within the Port Adelaide Enfield local government area (postcode 5016). With a population of 4,104, the suburb has a mature demographic with a median age of 46. Households earn a median income of $98K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Largs Bay is $1.3 million, having surged 27.6% over the past year. Units have a median price of $539,000 (+20.5% YoY). The current median weekly rent is $566. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,800.
Largs Bay is served by 1 school, including 1 primary. The average ICSEA score is 1018, which is around the national average of 1,000. Public transport access includes 1 rail station, 16 bus stops. The crime rate in the Port Adelaide Enfield LGA is moderate at 6,871 incidents per 100,000 population.
From an investment perspective, Largs Bay offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 13.4x is considered stretched. House prices have moved +27.6% year-on-year.