Urrbrae is a small community in South Australia within the Mitcham local government area (postcode 5064). With a population of 1,070, the suburb has an established demographic with a median age of 44. Households earn a median income of $122K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Urrbrae is $1.5 million, having surged 24.5% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,383.
Public transport access includes 9 bus stops. The crime rate in the Mitcham LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Urrbrae offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 11.9x is considered stretched. House prices have moved +24.5% year-on-year.
Urrbrae is a small community in South Australia within the Mitcham local government area (postcode 5064). With a population of 1,070, the suburb has an established demographic with a median age of 44. Households earn a median income of $122K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Urrbrae is $1.5 million, having surged 24.5% over the past year. The current median weekly rent is $615. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,383.
Public transport access includes 9 bus stops. The crime rate in the Mitcham LGA is low at 1,776 incidents per 100,000 population.
From an investment perspective, Urrbrae offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.5M/$950K), placing it in the premium segment. The price-to-income ratio of 11.9x is considered stretched. House prices have moved +24.5% year-on-year.