Renmark is a smaller suburb in South Australia within the Renmark Paringa local government area (postcode 5341). With a population of 4,705, the suburb has an established demographic with a median age of 44. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, German.
Units have a median price of $335,000 (+67.5% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $975.
Renmark is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 966, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Renmark Paringa LGA is moderate at 7,078 incidents per 100,000 population.
From an investment perspective, Renmark offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($335K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +67.5% year-on-year.
Renmark is a smaller suburb in South Australia within the Renmark Paringa local government area (postcode 5341). With a population of 4,705, the suburb has an established demographic with a median age of 44. Households earn a median income of $53K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, German.
Units have a median price of $335,000 (+67.5% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $975.
Renmark is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 966, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Renmark Paringa LGA is moderate at 7,078 incidents per 100,000 population.
From an investment perspective, Renmark offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($335K/$950K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +67.5% year-on-year.