Located in South Australia within the Clare and Gilbert Valleys local government area, Spring Farm is a sparsely populated locality (postcode 5453). With a population of 105, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $117K 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 +0.2% 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 managers, professionals, technicians & trades. Employment in the area leans toward manufacturing and construction. The top ancestries reported are Australian, English, Irish.
The current median weekly rent is $600. The median monthly mortgage repayment is $1,800.
The crime rate in the Clare and Gilbert Valleys LGA is low at 952 incidents per 100,000 population.
On the investment side, Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.