Norton Summit is a close-knit residential community in South Australia within the Adelaide Hills local government area (postcode 5136). With a population of 548, the suburb has an established family demographic with a median age of 41. Households earn a median income of $120K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professional services. The top ancestries reported are Australian, English, Italian.
Median house prices in Norton Summit stand at $1.5 million, having jumped by 36.7% over the last twelve months. The median weekly rent is $315 (Census 2021). This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $2,167.
Norton Summit is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. The crime rate in the Adelaide Hills LGA is low at 1,095 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.1% (low yield). Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 12.5x is considered stretched. House prices have moved +36.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.