Novar Gardens is a smaller suburb in South Australia within the West Torrens local government area (postcode 5040). With a population of 2,508, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Novar Gardens is $1.4 million, having surged 35.4% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,060.
Novar Gardens is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the West Torrens LGA is moderate at 7,376 incidents per 100,000 population.
From an investment perspective, Novar Gardens offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 18.6x is considered stretched. House prices have moved +35.4% year-on-year.
Novar Gardens is a smaller suburb in South Australia within the West Torrens local government area (postcode 5040). With a population of 2,508, the suburb has a mature demographic with a median age of 45. Households earn a median income of $76K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Novar Gardens is $1.4 million, having surged 35.4% over the past year. The current median weekly rent is $528. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,060.
Novar Gardens is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the West Torrens LGA is moderate at 7,376 incidents per 100,000 population.
From an investment perspective, Novar Gardens offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 18.6x is considered stretched. House prices have moved +35.4% year-on-year.