Located in South Australia within the Burnside local government area, Waterfall Gully is a small, quiet locality (postcode 5066). The area has roughly 161 residents and an established demographic, with a median age of 40. Households earn a median income of $187K per year, with an average household size of 3.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. SA employment has moved +1.6% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. SA also had 21 Commonwealth-backed major projects under construction, 7 underway, and 7 in planning as at 2025-09-01, 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 professional services and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Waterfall Gully stand at $1.3 million, having dropped significantly by 31.8% over the last twelve months. The median weekly rent is $468 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,250.
The crime rate in the Burnside LGA is below average at 2,484 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($1.3M/$980K), placing it in the premium segment. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -31.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.