SA5291· Pop. 31Wattle Range

SQUARE MILE

EmergingAffordable, high-yield, growing population — early-cycle opportunity

Investor score

Liveability score

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

Est.

$440,000

Modelled estimate · 2026

Rent yield

Est.

2.6%

modelled estimate

Annual growth

Real

5.5%

annualised from govt data

Vacancy rate

Est.

1.3%

modelled estimate

AI insights for SQUARE MILE

Investment analysis, risks & comparisons

PREMIUM

SQUARE MILE shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Compare SQUARE MILE with nearby suburbs

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SQUARE MILE vs SMITHFIELD WEST SQUARE MILE vs O’HALLORAN HILL SQUARE MILE vs NOORA SQUARE MILE vs ST CLAIRE SQUARE MILE vs GLUEPOT SQUARE MILE vs WARREN

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Modelled estimate — no government price is published for this suburb, so we estimate it from real median rent + local factors (~15% typical error). Not real transaction data. Rent, schools, safety and demographics on this page are real.

Median rent

Est.

$220/wk

modelled estimate · weekly

Demand change

+3.8%

annual shift

Yield × growth index

4.0

combined signal

Net yield (est.)

4.59%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+7.3%

est. compound, long-run avg

10-yr growth (CAGR)

+7.6%

est. compound, long-run avg

Rental demand

59 / 100

Strong demand

Supply pipeline

Real

0.3%

new dwellings approved / stock · ABS 2024-25

Low supply pressure

Dwellings built (SA)

Real

14,051

completed in year to Mar-2026 · ABS 8752.0 (state)

▲ 17.1% vs prior year · 14,902 started

5-year price history

No price history available.

Source: Modelled estimate · 2026 · all sources

Market overview

SQUARE MILE is a SA suburb offering lower rental yield and steady price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.

Highlights

Rental yield 2.6% with stable tenant demand
Consistent annual growth of 5.5%
Very low vacancy rate — high rental demand
Tight new-supply pipeline (0.3% of stock) — limited new competition supports prices

Risk factors

Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,861/wk

$57k taxable p.a.

Renters

9.9%

85.9% owner-occupier

Median age

43.0 yrs

Unemployment

4.1%

ABS SALM (SA2)

Population growth

+2.2% p.a.

Projected growth

+0.4% p.a.

state gov forecast

Socio-economic

6/10

SEIFA IRSAD decile · ABS

Investor-owned

12.0%

of all dwellings (ATO)

Houses

68%

17% apartments

Degree qualified

28.2%

bachelor's or higher (ABS)

Work from home

11.4%

of employed residents (ABS Census)

Median lot size

890 m²

Large block

Household size

2.3 persons

avg per dwelling (ABS Census)

Short-term rental

1.1%

Mostly long-term tenants

Market activity

Distance to CBD

383.6 km

Regional

Days on market

60 days

Slower market

Auction clearance

54.3%

Balanced market

Walkability

0 / 100

Car-dependent

Coastal proximity

268.4 km

Inland

NBN technology

Fixed Wireless

Regional — wireless tower

Population density

1,073/km²

Suburban

Schools in postcode 5291

🏫8 Primary📚1 Combined

ACARA 2025

🏫Primary (8)

Mil Lel Primary School