Nailsworth (postcode 5083) is a smaller residential area in South Australia within the Prospect local government area. With a population of 2,235, the suburb has an established demographic with a median age of 39. Households earn a median income of $107K per year, with an average household size of 2.6 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 education. The top ancestries reported are English, Australian, Irish.
The median house price in Nailsworth is $1.6 million, having surged by 11.7% over the past year. Units have a median price of $490,000 (+7.7% YoY). The current median weekly rent is $556. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,995.
Nailsworth is served by 1 school, including 1 primary. The average ICSEA score is 1106, which is well above the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Prospect LGA is moderate at 4,564 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.8% (low yield). Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 14.7x is considered stretched. House prices have moved +11.7% 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.