Located in South Australia within the Onkaparinga local government area, McLaren Flat is a small locality (postcode 5171). With a population of 1,625, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $111K 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 +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, clerical & administrative, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in McLaren Flat is $1.1 million, having climbed sharply by 23.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,786.
McLaren Flat is served by 1 school, including 1 primary. The average ICSEA score is 1030, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Onkaparinga LGA is low at 1,108 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.8% (low yield). Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 10.0x is considered stretched. House prices have moved +23.6% 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.