Medindie (postcode 5081) is a small community in South Australia within the Walkerville local government area. The area has roughly 1,175 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $195K per year, with an average household size of 2.8 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, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Medindie stand at $2.0 million, having dropped significantly by 47.6% over the last twelve months. The current median weekly rent is $750. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,033.
Medindie is served by 1 school, including 1 combined. The average ICSEA score is 1176, which is well above the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Walkerville LGA is moderate at 6,638 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($2.0M/$950K), placing it in the premium segment. The price-to-income ratio of 10.3x is considered stretched. House prices have moved -47.6% 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.