Watervale is a quiet locality in South Australia within the Clare and Gilbert Valleys local government area (postcode 5452). With a population of 338, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $75K 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 +0.2% 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 managers, professionals, labourers. Employment in the area leans toward accommodation & food and agriculture. The top ancestries reported are Australian, English, Scottish.
The current median weekly rent is $540. The median monthly mortgage repayment is $1,231.
Watervale is served by 1 school, including 1 primary. The average ICSEA score is 1033, which is around the national average of 1,000. The crime rate in the Clare and Gilbert Valleys LGA is low at 592 incidents per 100,000 population.
From an investment perspective, Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.