Located in South Australia within the Holdfast Bay local government area, Seacliff Park is a smaller residential area (postcode 5049). The area has roughly 2,644 residents and an established family demographic, with a median age of 41. Households earn a median income of $88K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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, managers, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Seacliff Park stand at $1.0 million, having declined steeply by 24% over the last twelve months. The current median weekly rent is $562. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,800.
Public transport access includes 17 bus stops. The crime rate in the Holdfast Bay LGA is below average at 3,669 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices are near the state median ($1.0M/$950K). The price-to-income ratio of 11.8x is considered stretched. House prices have moved -24.0% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.