Ridgehaven (postcode 5097) is a smaller residential area in South Australia within the Tea Tree Gully local government area. It is home to about 4,304 residents, with an established demographic and a median age of 43. Households earn a median income of $68K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Ridgehaven is $901,000, having eased back by 1.2% over the past year. The current median weekly rent is $554. 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.
Looking at the investment signals, Ridgehaven shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($901K/$950K). The price-to-income ratio of 13.3x is considered stretched. House prices have moved -1.2% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.