Located in South Australia within the Charles Sturt local government area, Renown Park is a close-knit residential community (postcode 5008). The area has roughly 1,663 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $61K 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 +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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Median house prices in Renown Park stand at $1.2 million, having climbed sharply by 22.5% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $1,554.
Renown Park is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Charles Sturt LGA is higher than average at 10,162 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.1%, which reads as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 19.6x is considered stretched. House prices have moved +22.5% 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.