Munno Para Downs is a quiet locality in South Australia within the Playford local government area (postcode 5115). It is home to about 181 residents, with a mature demographic and a median age of 50. Households earn a median income of $80K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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 labourers, managers, sales. Employment in the area leans toward retail trade and agriculture. The top ancestries reported are Italian, English, Vietnamese.
The median house price in Munno Para Downs is $725,000, having dipped slightly by 1.7% over the past year. The current median weekly rent is $575. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,408.
The crime rate in the Playford LGA is higher than average at 17,680 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.1%, which reads as moderate yield. Property prices are near the state median ($725K/$950K). The price-to-income ratio of 9.0x is considered moderate. House prices have moved -1.7% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.