Renmark (postcode 5341) is a compact suburb in South Australia within the Renmark Paringa local government area. With a population of 4,705, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $53K per year, with an average household size of 2.2 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, community & personal service, managers. Employment in the area leans toward agriculture and healthcare. 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 $358. This gives a gross rental yield of approximately 5.6%. 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 shows a gross rental yield of approximately 5.6%, rated as high yield. Property prices sit below the state median ($335K/$950K), which can point to relative value. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +67.5% year-on-year. 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.