Lynton (postcode 5062) is a small, quiet locality in South Australia within the Mitcham local government area. With a population of 222, the suburb has a mature demographic with a median age of 51. Households earn a median income of $132K per year, with an average household size of 2.6 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, technicians & trades. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Lynton has a median house price of $1.1 million, which has softened modestly by 2.8% year-on-year. The current median weekly rent is $680. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,000.
Public transport access includes 1 rail station, 3 bus stops. The crime rate in the Mitcham LGA is below average at 2,252 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 8.5x is considered moderate. House prices have moved -2.8% 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.