Located in South Australia within the Prospect local government area, Thorngate is a sparsely populated locality (postcode 5082). It is home to about 180 residents, with a settled, mature resident base and a median age of 47. Households earn a median income of $163K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% 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 professional services and healthcare. The top ancestries reported are English, Australian, Greek.
Median house prices in Thorngate stand at $2.1 million, having dropped significantly by 28.3% over the last twelve months. The median weekly rent is $380 (Census 2021). This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $2,763.
Public transport access includes 2 bus stops. The crime rate in the Prospect LGA is higher than average at 56,111 incidents per 100,000 population.
Looking at the investment signals, Thorngate shows a gross rental yield of approximately 0.9%, rated as low yield. Property prices are above the state median ($2.1M/$950K), placing it in the premium segment. The price-to-income ratio of 13.2x is considered stretched. House prices have moved -28.3% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.