Located in South Australia within the Walkerville local government area, Vale Park is a smaller residential area (postcode 5081). The area has roughly 2,452 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $106K per year, with an average household size of 2.5 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, Italian.
Vale Park has a median house price of $1.5 million, which has fallen by 5.4% year-on-year. The current median weekly rent is $541. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,000.
Vale Park is served by 1 school, including 1 primary. The average ICSEA score is 1097, which is above the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Walkerville LGA is below average at 3,956 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.9%, which reads 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 14.0x is considered stretched. House prices have moved -5.4% 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.