Located in South Australia within the Salisbury local government area, Salisbury Downs is a moderately sized suburb (postcode 5108). The area has roughly 6,296 residents and a mix of young professionals and families, with a median age of 37. Households earn a median income of $59K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Vietnamese.
Median house prices in Salisbury Downs stand at $845,000, having jumped by 11.2% over the last twelve months. The current median weekly rent is $431. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,300.
Salisbury Downs is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 22 bus stops. The crime rate in the Salisbury LGA is higher than average at 10,959 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are near the state median ($845K/$950K). The price-to-income ratio of 14.3x is considered stretched. House prices have moved +11.2% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.