Located in South Australia within the Onkaparinga local government area, McLaren Vale is a smaller residential area (postcode 5171). It is home to about 4,061 residents, with a mature demographic and a median age of 54. Households earn a median income of $69K per year, with an average household size of 2.3 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, managers, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Scottish.
McLaren Vale has a median house price of $950,000, which has moved lower by 6.4% year-on-year. Units have a median price of $527,000 (+5% YoY). The current median weekly rent is $660. This gives a gross rental yield of approximately 3.6%. 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.
Looking at the investment signals, McLaren Vale shows a gross rental yield of approximately 3.6%, rated as moderate yield. Property prices are near the state median ($950K/$950K). The price-to-income ratio of 13.7x is considered stretched. House prices have moved -6.4% 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.