Located in South Australia within the Yankalilla local government area, Yankalilla is a small community (postcode 5203). It is home to about 963 residents, with a more retirement-aged population and a median age of 58. Households earn a median income of $51K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
Units have a median price of $480,000 (+113.3% YoY). The current median weekly rent is $572. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,300.
Yankalilla is served by 1 school, including 1 combined. The average ICSEA score is 970, which is around the national average of 1,000. The crime rate in the Yankalilla LGA is below average at 2,492 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 6.2%, which reads as high yield. Property prices sit below the state median ($480K/$950K), which can point to relative value. The price-to-income ratio of 9.4x is considered moderate. House prices have moved +113.3% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.