Woodforde (postcode 5072) is a small community in South Australia within the Adelaide Hills local government area. The area has roughly 1,024 residents and a blend of families and working-age professionals, with a median age of 33. Households earn a median income of $114K 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 +1.0% 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, community & personal service. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Woodforde has a median house price of $1.6 million, which has risen steeply by 34.9% year-on-year. The current median weekly rent is $618. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,167.
Woodforde is served by 1 school, including 1 combined. The average ICSEA score is 1064, which is above the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Adelaide Hills LGA is below average at 2,832 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 2.0% (low yield). Property prices are above the state median ($1.6M/$950K), placing it in the premium segment. The price-to-income ratio of 14.0x is considered stretched. House prices have moved +34.9% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.