Ridgehaven is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5097). With a population of 4,304, the suburb has an established demographic with a median age of 43. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Ridgehaven is $912,000, having surged 21.7% over the past year. The current median weekly rent is $558. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,436.
Ridgehaven is served by 1 school, including 1 primary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 3,044 incidents per 100,000 population.
From an investment perspective, Ridgehaven offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($912K/$950K). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +21.7% year-on-year.
Ridgehaven is a smaller suburb in South Australia within the Tea Tree Gully local government area (postcode 5097). With a population of 4,304, the suburb has an established demographic with a median age of 43. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Ridgehaven is $912,000, having surged 21.7% over the past year. The current median weekly rent is $558. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,436.
Ridgehaven is served by 1 school, including 1 primary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Tea Tree Gully LGA is below average at 3,044 incidents per 100,000 population.
From an investment perspective, Ridgehaven offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($912K/$950K). The price-to-income ratio of 13.4x is considered stretched. House prices have moved +21.7% year-on-year.