Lockleys is a medium-sized suburb in South Australia within the West Torrens local government area (postcode 5032). With a population of 5,987, the suburb has an established family demographic with a median age of 44. Households earn a median income of $97K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 retail trade. The top ancestries reported are English, Australian, Italian.
Lockleys has a median house price of $1.4 million, which has ticked up by 1.4% year-on-year. Units have a median price of $557,000 (+46.6% YoY). The current median weekly rent is $638. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Lockleys is served by 2 schools, including 2 primary. The average ICSEA score is 1072, which is above the national average of 1,000. Public transport access includes 25 bus stops. The crime rate in the West Torrens LGA is below average at 2,238 incidents per 100,000 population.
Looking at the investment signals, Lockleys shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 14.6x is considered stretched. House prices have moved +1.4% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.