Warradale is a mid-sized suburb in South Australia within the Marion local government area (postcode 5046). With a population of 5,801, the suburb has an established demographic with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Warradale is $1.2 million, having surged 10.8% over the past year. Units have a median price of $659,000 (+5.4% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,733.
Warradale is served by 2 schools, including 2 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 1 rail station, 28 bus stops. The crime rate in the Marion LGA is below average at 3,034 incidents per 100,000 population.
From an investment perspective, Warradale offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 14.6x is considered stretched. House prices have moved +10.8% year-on-year.
Warradale is a mid-sized suburb in South Australia within the Marion local government area (postcode 5046). With a population of 5,801, the suburb has an established demographic with a median age of 41. Households earn a median income of $85K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Warradale is $1.2 million, having surged 10.8% over the past year. Units have a median price of $659,000 (+5.4% YoY). The current median weekly rent is $605. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $1,733.
Warradale is served by 2 schools, including 2 primary. The average ICSEA score is 1056, which is above the national average of 1,000. Public transport access includes 1 rail station, 28 bus stops. The crime rate in the Marion LGA is below average at 3,034 incidents per 100,000 population.
From an investment perspective, Warradale offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.2M/$950K). The price-to-income ratio of 14.6x is considered stretched. House prices have moved +10.8% year-on-year.