Located in South Australia within the Barossa local government area, Tanunda is a smaller suburb (postcode 5352). The area has roughly 4,710 residents and an older-leaning population, with a median age of 48. Households earn a median income of $75K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, technicians & trades. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are Australian, English, German.
Units have a median price of $430,000 (+15.5% YoY). The current median weekly rent is $538. This gives a gross rental yield of approximately 6.5%. The median monthly mortgage repayment is $1,452.
Tanunda is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1040, which is around the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Barossa LGA is below average at 2,017 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.5%, which reads as high yield. Property prices sit below the state median ($430K/$950K), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved +15.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.