Mount Magnificent (postcode 5210) is a quiet locality in South Australia within the Alexandrina local government area. With a population of 60, the suburb has an older-leaning population with a median age of 49. Households earn a median income of $84K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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, labourers, managers. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, German.
The median weekly rent is $400 (Census 2021). The median monthly mortgage repayment is $2,167.
On the investment side, Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.