St Peters (postcode 5069) is a compact suburb in South Australia within the Norwood Payneham and St Peters local government area. With a population of 3,231, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $118K 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 +1.6% 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, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Italian.
Median house prices in St Peters stand at $2.4 million, having moved lower by 5.1% over the last twelve months. Units have a median price of $579,000 (+24.5% YoY). The current median weekly rent is $679. This gives a gross rental yield of approximately 1.5%. The median monthly mortgage repayment is $2,700.
St Peters is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Norwood Payneham and St Peters LGA is moderate at 5,695 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 1.5%, which reads as low yield. Property prices are above the state median ($2.4M/$950K), placing it in the premium segment. The price-to-income ratio of 20.4x is considered stretched. House prices have moved -5.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.