Located in South Australia within the Norwood Payneham and St Peters local government area, Maylands is a small locality (postcode 5069). The area has roughly 1,508 residents and an established family demographic, with a median age of 41. Households earn a median income of $95K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 professional services. The top ancestries reported are English, Australian, Italian.
The median house price in Maylands is $1.5 million, having moved lower by 4.4% over the past year. The current median weekly rent is $598. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Public transport access includes 4 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is moderate at 4,443 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.0%, which reads as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 16.1x is considered stretched. House prices have moved -4.4% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.