St Marys is a smaller suburb in South Australia within the Mitcham local government area (postcode 5042). The area has roughly 3,010 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $77K 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 +1.0% 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
The median house price in St Marys is $1.1 million, having jumped by 12.7% over the past year. The current median weekly rent is $584. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,654.
St Marys is served by 1 school, including 1 primary. The average ICSEA score is 1085, which is above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Mitcham LGA is moderate at 7,874 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.7% (low yield). Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 14.4x is considered stretched. House prices have moved +12.7% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.