Thebarton (postcode 5031) is a small community in South Australia within the West Torrens local government area. With a population of 1,442, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.9% 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 education. The top ancestries reported are English, Australian, Greek.
Thebarton has a median house price of $1.5 million, which has surged by 27.8% year-on-year. The current median weekly rent is $700. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,627.
Thebarton is served by 1 school, including 1 special. The average ICSEA score is 752, which is well below the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the West Torrens LGA is higher than average at 10,749 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.4% (low yield). Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 20.1x is considered stretched. House prices have moved +27.8% year-on-year. Population growth of +0.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.