Paringa (postcode 5340) is a close-knit residential community in South Australia within the Renmark Paringa local government area. With a population of 1,131, the suburb has an established demographic with a median age of 41. Households earn a median income of $70K 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 +0.6% 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, managers, technicians & trades. Employment in the area leans toward agriculture and accommodation & food. The top ancestries reported are Australian, English, German.
The current median weekly rent is $352. The median monthly mortgage repayment is $1,083.
The crime rate in the Renmark Paringa LGA is low at 1,149 incidents per 100,000 population.
From an investment perspective, Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.