Ovingham is a small locality in South Australia within the Charles Sturt local government area (postcode 5082). The area has roughly 766 residents and a mix of young professionals and families, with a median age of 36. Households earn a median income of $75K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
The median house price in Ovingham is $1.3 million, having dropped significantly by 8.7% over the past year. The current median weekly rent is $628. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,863.
Public transport access includes 1 rail station, 6 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 16.8x is considered stretched. House prices have moved -8.7% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.