McLaren Vale is a smaller suburb in South Australia within the Onkaparinga local government area (postcode 5171). With a population of 4,061, the suburb has a mature demographic with a median age of 54. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in McLaren Vale is $1.0 million, having surged 14.2% over the past year. Units have a median price of $527,000 (+5% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,560.
McLaren Vale is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1043, which is around the national average of 1,000. Public transport access includes 26 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Onkaparinga LGA is below average at 3,103 incidents per 100,000 population.
From an investment perspective, McLaren Vale offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +14.2% year-on-year.
McLaren Vale is a smaller suburb in South Australia within the Onkaparinga local government area (postcode 5171). With a population of 4,061, the suburb has a mature demographic with a median age of 54. Households earn a median income of $69K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in McLaren Vale is $1.0 million, having surged 14.2% over the past year. Units have a median price of $527,000 (+5% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,560.
McLaren Vale is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1043, which is around the national average of 1,000. Public transport access includes 26 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Onkaparinga LGA is below average at 3,103 incidents per 100,000 population.
From an investment perspective, McLaren Vale offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +14.2% year-on-year.