Largs Bay (postcode 5016) is a smaller suburb in South Australia within the Port Adelaide Enfield local government area. The area has roughly 4,104 residents and an older-leaning population, with a median age of 46. Households earn a median income of $98K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Largs Bay has a median house price of $1.1 million, which has dropped significantly by 18.6% year-on-year. Units have a median price of $539,000 (+20.5% YoY). The current median weekly rent is $555. This gives a gross rental yield of approximately 2.7%. 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.
On the investment side, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 10.9x is considered stretched. House prices have moved -18.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.