Located in South Australia within the Onkaparinga local government area, Willunga is a smaller suburb (postcode 5172). It is home to about 2,445 residents, with an older-leaning population and a median age of 47. Households earn a median income of $87K 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, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Willunga is $1.1 million, having surged by 16% over the past year. The current median weekly rent is $585. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,683.
Willunga is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Onkaparinga LGA is low at 1,513 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 2.7%, which reads as low yield. Property prices are near the state median ($1.1M/$950K). The price-to-income ratio of 12.8x is considered stretched. House prices have moved +16.0% 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.