Naracoorte is a mid-sized suburb in South Australia within the Naracoorte Lucindale local government area (postcode 5271). With a population of 6,211, the suburb has an established demographic with a median age of 40. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $248,000 (-20% YoY). The current median weekly rent is $358. This gives a gross rental yield of approximately 7.5%. 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.
From an investment perspective, Naracoorte offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($248K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -20.0% year-on-year.
Naracoorte is a mid-sized suburb in South Australia within the Naracoorte Lucindale local government area (postcode 5271). With a population of 6,211, the suburb has an established demographic with a median age of 40. Households earn a median income of $71K per year, with an average household size of 2.4 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
Units have a median price of $248,000 (-20% YoY). The current median weekly rent is $358. This gives a gross rental yield of approximately 7.5%. 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.
From an investment perspective, Naracoorte offers a gross rental yield of 7.5%, rated as high yield. Property prices sit below the state median ($248K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 3.5x is considered affordable. House prices have moved -20.0% year-on-year.