Strathalbyn is a medium-sized suburb in South Australia within the Alexandrina local government area (postcode 5255). With a population of 7,246, the suburb has an older-leaning population with a median age of 47. Households earn a median income of $65K per year, with an average household size of 2.4 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Units have a median price of $450,000 (+5.3% YoY). The current median weekly rent is $524. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $1,500.
Strathalbyn is served by 2 schools, including 2 combined. The average ICSEA score is 997, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Alexandrina LGA is below average at 2,443 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.1%, which reads as high yield. Property prices sit below the state median ($450K/$950K), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved +5.3% 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.