Summertown is a small community in South Australia within the Adelaide Hills local government area (postcode 5141). With a population of 752, the suburb has an established demographic with a median age of 43. Households earn a median income of $117K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Summertown is $1.4 million, having increased 4.3% over the past year. The current median weekly rent is $825. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Adelaide Hills LGA is low at 665 incidents per 100,000 population.
From an investment perspective, Summertown offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +4.3% year-on-year.
Summertown is a small community in South Australia within the Adelaide Hills local government area (postcode 5141). With a population of 752, the suburb has an established demographic with a median age of 43. Households earn a median income of $117K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, German.
The median house price in Summertown is $1.4 million, having increased 4.3% over the past year. The current median weekly rent is $825. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Public transport access includes 11 bus stops. The crime rate in the Adelaide Hills LGA is low at 665 incidents per 100,000 population.
From an investment perspective, Summertown offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +4.3% year-on-year.