Walkley Heights is a smaller suburb in South Australia within the Salisbury local government area (postcode 5098). With a population of 3,513, the suburb has an established demographic with a median age of 42. Households earn a median income of $92K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Indian.
Walkley Heights has a median house price of $1.3 million, which has jumped by 13% year-on-year. The current median weekly rent is $720. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,700.
Public transport access includes 17 bus stops. The crime rate in the Salisbury LGA is below average at 2,306 incidents per 100,000 population.
From an investment perspective, Walkley Heights shows a gross rental yield of approximately 3.0%, rated as low yield. Property prices are above the state median ($1.3M/$950K), placing it in the premium segment. The price-to-income ratio of 13.7x is considered stretched. House prices have moved +13.0% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.