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Suburb Insights ยท SA 5307

Karoonda 5307, South Australia

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Karoonda is a regional centre in South Australia, Australia, with a population of approximately 517, making it a boutique locality. Located approximately 124 km from the Adelaide CBD, Karoonda is a regional area in South Australia. The median household income is $42,744 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Lower income levels in Karoonda typically translate to more affordable entry points for investors. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Karoonda, South Australia, Australia.

Key Indicators

Postcode
5307

Official Australia Post postcode for Karoonda. A postcode may cover multiple suburbs.

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Population
517

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$170/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$42,744/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
124 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$551/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
74% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Karoonda serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $170/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $551/month.

Investment Strategy

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Buy & Hold

Buy-and-hold in Karoonda carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Rental yields in Karoonda tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Karoonda face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

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Full Property Analysis

30-year projections for Karoonda

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Karoonda may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Karoonda's 2026 outlook. Karoonda is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Karoonda a good suburb for investment?

Karoonda is a regional area in South Australia with a population of 517. The median rent is $170/week and the median household income is $42,744/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Karoonda?

Key demand drivers in Karoonda include regional employment hubs, lifestyle, and affordability. 74% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Karoonda?

According to the ABS 2021 Census, Karoonda has a population of approximately 517. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Karoonda from the Adelaide CBD?

Karoonda is approximately 124 km straight-line distance from the Adelaide CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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