Medindie Gardens is a sparsely populated locality in South Australia within the Prospect local government area (postcode 5081). The area has roughly 352 residents and an established family demographic, with a median age of 43. Households earn a median income of $155K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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, Greek.
The median house price in Medindie Gardens is $2.0 million, having moved lower by 7.3% over the past year. The current median weekly rent is $650. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $2,167.
Public transport access includes 1 bus stop. The crime rate in the Prospect LGA is low at 1,705 incidents per 100,000 population.
Looking at the investment signals, Medindie Gardens shows a gross rental yield of approximately 1.7%, rated as low yield. Property prices are above the state median ($2.0M/$950K), placing it in the premium segment. The price-to-income ratio of 12.9x is considered stretched. House prices have moved -7.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.