Located in South Australia within the Mitcham local government area, Urrbrae is a small community (postcode 5064). The area has roughly 1,070 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professional services. The top ancestries reported are English, Australian, Chinese.
The median house price in Urrbrae is $1.4 million, having declined by 7.2% over the past year. The current median weekly rent is $745. This gives a gross rental yield of approximately 2.9%. 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, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are above the state median ($1.4M/$950K), placing it in the premium segment. The price-to-income ratio of 11.1x is considered stretched. House prices have moved -7.2% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.