Mount Torrens is a small locality in South Australia within the Adelaide Hills local government area (postcode 5244). It is home to about 768 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $99K 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 +1.0% 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 agriculture. The top ancestries reported are English, Australian, German.
The median house price in Mount Torrens is $376,000, having declined steeply by 29.7% over the past year. The current median weekly rent is $565. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $1,569.
Mount Torrens is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1054, which is above the national average of 1,000. The crime rate in the Adelaide Hills LGA is low at 1,042 incidents per 100,000 population.
On the investment side, Mount Torrens shows a gross rental yield of approximately 7.8%, rated as high yield. Property prices sit below the state median ($376K/$950K), which can point to relative value. The price-to-income ratio of 3.8x is considered affordable. House prices have moved -29.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.