Longwood (postcode 5153) is a quiet locality in South Australia within the Adelaide Hills local government area. The area has roughly 325 residents and an established demographic, with a median age of 43. Households earn a median income of $122K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Longwood has a median house price of $1.2 million, which has surged by 30.7% year-on-year. The current median weekly rent is $1450. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,950.
Looking at the investment signals, The gross rental yield works out to roughly 6.1%, which reads as high yield. Property prices are above the state median ($1.2M/$950K), placing it in the premium segment. The price-to-income ratio of 10.1x is considered stretched. House prices have moved +30.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.