Myrtle Bank is a smaller suburb in South Australia within the Unley local government area (postcode 5064). With a population of 3,158, the suburb has a mature demographic with a median age of 54. Households earn a median income of $88K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Myrtle Bank is $2.1 million, having dipped slightly 1.7% over the past year. The current median weekly rent is $611. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,174.
Myrtle Bank is served by 1 school, including 1 primary. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Unley LGA is below average at 2,280 incidents per 100,000 population.
From an investment perspective, Myrtle Bank offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 24.6x is considered stretched. House prices have moved -1.7% year-on-year.
Myrtle Bank is a smaller suburb in South Australia within the Unley local government area (postcode 5064). With a population of 3,158, the suburb has a mature demographic with a median age of 54. Households earn a median income of $88K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Myrtle Bank is $2.1 million, having dipped slightly 1.7% over the past year. The current median weekly rent is $611. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,174.
Myrtle Bank is served by 1 school, including 1 primary. The average ICSEA score is 1143, which is well above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Unley LGA is below average at 2,280 incidents per 100,000 population.
From an investment perspective, Myrtle Bank offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 24.6x is considered stretched. House prices have moved -1.7% year-on-year.