Smithfield is a smaller residential area in South Australia within the Playford local government area (postcode 5114). It is home to about 2,482 residents, with a mix of families and early-career residents and a median age of 35. Households earn a median income of $55K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.9% 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, machinery operators & drivers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Smithfield stand at $645,000, having declined by 5.1% over the last twelve months. Units have a median price of $365,000 (+35.2% YoY). The current median weekly rent is $368. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,100.
Public transport access includes 1 rail station, 16 bus stops. The crime rate in the Playford LGA is higher than average at 42,909 incidents per 100,000 population.
Looking at the investment signals, Smithfield shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices sit below the state median ($645K/$950K), which can point to relative value. The price-to-income ratio of 11.8x is considered stretched. House prices have moved -5.1% year-on-year. Population growth of +3.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.