Rapid Bay is a quiet locality in South Australia within the Yankalilla local government area (postcode 5204). With a population of 15, the suburb has a predominantly older resident base with a median age of 56. Households earn a median income of $23K per year, with an average household size of 1.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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.
Rapid Bay is served by 1 school, including 1 primary. The average ICSEA score is 975, which is around the national average of 1,000. The crime rate in the Yankalilla LGA is higher than average at 46,667 incidents per 100,000 population.
From an investment perspective, Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.