Somerton Park is a mid-sized suburb in South Australia within the Holdfast Bay local government area (postcode 5044). With a population of 5,811, the suburb has a mature demographic with a median age of 48. Households earn a median income of $85K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Somerton Park is $2.0 million, having surged 16% over the past year. The current median weekly rent is $636. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,058.
Somerton Park is served by 1 school, including 1 combined. The average ICSEA score is 1083, which is above the national average of 1,000. Public transport access includes 29 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Holdfast Bay LGA is below average at 2,375 incidents per 100,000 population.
From an investment perspective, Somerton Park offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.0M/$950K), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved +16.0% year-on-year.
Somerton Park is a mid-sized suburb in South Australia within the Holdfast Bay local government area (postcode 5044). With a population of 5,811, the suburb has a mature demographic with a median age of 48. Households earn a median income of $85K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Somerton Park is $2.0 million, having surged 16% over the past year. The current median weekly rent is $636. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,058.
Somerton Park is served by 1 school, including 1 combined. The average ICSEA score is 1083, which is above the national average of 1,000. Public transport access includes 29 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Holdfast Bay LGA is below average at 2,375 incidents per 100,000 population.
From an investment perspective, Somerton Park offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.0M/$950K), placing it in the premium segment. The price-to-income ratio of 24.0x is considered stretched. House prices have moved +16.0% year-on-year.