Located in South Australia within the Naracoorte Lucindale local government area, Naracoorte is a moderately sized suburb (postcode 5271). With a population of 6,211, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $71K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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, technicians & trades, managers. Employment in the area leans toward manufacturing and agriculture. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $248,000 (-20% YoY). The current median weekly rent is $345. This gives a gross rental yield of approximately 7.2%. The median monthly mortgage repayment is $1,083.
Naracoorte is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Naracoorte Lucindale LGA is below average at 3,397 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 7.2% (high yield). Property prices sit below the state median ($248K/$950K), which can point to relative value. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -20.0% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.