Suburb overview
Elizabeth Grove is an outer-metropolitan suburb of Adelaide, Australia, with a population of approximately 2,531, making it a boutique locality. Located approximately 22 km from the Adelaide CBD, Elizabeth Grove is a outer metro area in South Australia. The median household income is $42,900 per year.
Location
Key indicators
Postcode
5112
Postcode for Elizabeth Grove, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
2,531
Usual resident population at the most recent census.
Median weekly rent
$490/wk
Median weekly rent — as at Jan–Mar 2026, Consumer & Business Services (SA) (CC BY 4.0).
Distance to CBD
22 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Sale prices & yield
Median house price
$690,000
Median house sale price — as at Q1 2026, Valuer-General (SA) (CC BY 4.0). Figure covers suburb (metro Adelaide).
Indicative gross yield
3.7%
Estimated as current median rent × 52 ÷ current median house price. A guide only — not a guaranteed return; excludes costs, vacancy and buying expenses.
Housing
Median monthly mortgage
$1,075/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
39% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why people like living in Elizabeth Grove
- Outer-metro setting about 22 km from Adelaide — more space, quieter streets.
- Newer estates with modern homes and family-sized blocks.
Who Elizabeth Grove suits
Pros and cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Mortgage costs are lower than the South Australia median, improving cash-flow margins.
- Affordable entry point compared with inner-city suburbs.
Cons
- Traffic can build during peak hours, especially on arterial roads.
- Prices may rise further as demand continues.
Investment insight
Elizabeth Grove is a smaller community of 2,531 — about 68% of the South Australia suburb median (3,699) — so investors should factor in the narrower buyer pool and longer average time-on-market. Elizabeth Grove's median household income of $42,900/year is 47% below the South Australia suburb median ($80,964) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median rent of $490/week (as at Jan–Mar 2026, Consumer & Business Services (SA)) equates to roughly $2,123/month — about 197% of the $1,075/month median mortgage repayment recorded at the 2021 Census. On those figures rental income covers most or all of the recorded repayment, but repayments on new loans have risen with interest rates since 2021, so re-run the coverage at today's rates before treating this as a cash-flow suburb. 22 km from Adelaide places Elizabeth Grove in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs. Only 39% of dwellings are separate houses (vs 73% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Investment tip
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. At the 2021 Census, local rents consumed roughly 27% of household income — a dated but useful sanity check on tenant affordability.
Elizabeth Grove vs South Australia median
How Elizabeth Grove stacks up against the median of all South Australia suburbs in our dataset. Positive values mean Elizabeth Grove sits above the state median; negative means below.
| Metric | Elizabeth Grove | SA median | Δ vs state |
|---|---|---|---|
| Population | 2,531 | 3,699 | -32% |
| Median household income | $42,900/yr | $80,964/yr | -47% |
| Median rent (weekly, 2021 Census) | $225 | $320 | -30% |
| Median mortgage (monthly, 2021 Census) | $1,075 | $1,616 | -33% |
| Distance to CBD | 22 km | 13 km | +69% |
| Separate houses | 39% | 73% | -34pp |
Investor checklist
Pre-inspection briefing for Elizabeth Grove — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 2,531 residents — 68% of the SA suburb median (3,699).
- Purchasing power: median household income $42,900/year (-47% vs South Australia suburb median of $80,964).
- Cash-flow coverage (2021 Census): $225/week rent (≈ $975/month) covered ~91% of the $1,075/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 22 km straight-line from Adelaide (state suburb median 13 km).
- Dwelling mix: 39% separate houses — unit-heavy market (vs 73% state median).
- Rate stress-test: budget ~$108/month extra for a 1-percentage-point RBA rate rise on top of the $1,075/month median repayment.
- Tenant rent burden: 27% of the median household income is spent on rent — within normal range.
Investment strategy
Limited buy-and-hold upside: a small population of 2,531 means liquidity is thin and capital growth tends to lag the wider South Australia market over full cycles.
Strong rental coverage at the 2021 Census: $225/week (~$975/month) covered 91% of the $1,075/month median mortgage, a shortfall of just $100/month. Both rents and repayments have moved since 2021 — verify current figures, though this suburb has historically leaned cash-flow-friendly.
Only 39% of dwellings are separate houses (vs 73% SA median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Risk factors
- Interest-rate sensitivity: the $1,075/month median mortgage in Elizabeth Grove means a 1-percentage-point RBA rate rise could add roughly $108/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Income vulnerability: household incomes in Elizabeth Grove are 47% below the South Australia median ($42,900 vs $80,964), which tends to compress rent growth and increases exposure to local unemployment shocks.
- Liquidity risk: with 2,531 residents, Elizabeth Grove has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Elizabeth Grove is 22 km from the CBD — not close enough to benefit from the inner-ring pricing halo, so growth depends more heavily on local infrastructure decisions and the wider South Australia market cycle.
- Strata exposure: only 39% of dwellings in Elizabeth Grove are separate houses, so most investment stock is apartments or townhouses subject to body-corporate fees, sinking-fund levies and competing supply from new developments.
Run the numbers on a Elizabeth Grove property
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Start your journey near Elizabeth Grove →2026 outlook
Capital-growth expectations for Elizabeth Grove are modest for 2026 — incomes 47% below the SA median of $80,964 and a population of 2,531 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~91% of the typical mortgage ($975/month rent vs $1,075/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Elizabeth Grove is cautious heading into the second half of 2026, based on its income, rent and mortgage profile relative to the South Australia median.
Frequently asked questions
Is Elizabeth Grove a good suburb for investment?
Whether Elizabeth Grove suits you depends on your strategy, but the fundamentals are concrete: a population of 2,531, a median household income of $42,900/year and median weekly rent of $225. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Elizabeth Grove?
The main demand drivers in Elizabeth Grove are proximity to Adelaide (22 km), a median household income of $42,900/year, a dwelling mix that is 39% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Elizabeth Grove?
Elizabeth Grove has a usual resident population of approximately 2,531, compared with a South Australia suburb median of 3,699 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is Elizabeth Grove from the Adelaide CBD?
Elizabeth Grove sits 22 km straight-line from the Adelaide CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
What is the median rent in Elizabeth Grove?
The median weekly rent in Elizabeth Grove is $490 (as at Jan–Mar 2026, Consumer & Business Services (SA)), equating to approximately $25,480/year in gross rental income. Confirm against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Elizabeth Grove?
The median monthly mortgage repayment in Elizabeth Grove is $1,075, or approximately $12,900/year (vs $1,616/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is Elizabeth Grove cash-flow positive for investors?
A median weekly rent of $225 works out to $975/month, covering 91% of the median mortgage repayment of $1,075/month. That leaves a $100/month shortfall (around $1,200/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Elizabeth Grove?
The main risks are a thin buyer pool (2,531 residents), interest-rate sensitivity on the $1,075 median mortgage, below-median household incomes ($42,900 vs $80,964 state median), a unit-heavy dwelling mix (39% houses) where body-corporate costs and apartment supply affect resale, the broader South Australia market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Elizabeth Grove profile
The population figure on this page comes from the ABS 2021 Census. The postcode comes from a community postcode dataset cross-checked against Australia Post. The dwelling mix is from the ABS 2021 Census. The median household income is the ABS 2021 Census median weekly household income, annualised. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage figures are 2021 figures and are labelled as such wherever they appear — they are five years old and have moved substantially since. The current median weekly rent in Key indicators is a genuine recent figure from Consumer & Business Services (SA) (Jan–Mar 2026), published under a Creative Commons licence and dated on the page. The median sale price shown comes from Valuer-General (SA) (Q1 2026), published under a Creative Commons licence and dated on the page. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.