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Suburb Insights · SA 5602

Lucky Bay, SA 5602 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Lucky Bay is a coastal suburb in South Australia, Australia, with a population of approximately 15, making it a boutique locality. Located approximately 198 km from the Adelaide CBD, Lucky Bay is a coastal area in South Australia. The median household income is $34,788 per year.

Investment Score

27 / 100 Weak

Lucky Bay's income profile suggests a value-oriented market with competitive purchase prices. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Adelaide
Lucky Bay
South Australia · 5602
198 km from Adelaide CBD
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Key Indicators

Postcode
5602

Official Australia Post postcode for Lucky Bay. A postcode may cover multiple suburbs.

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Population
15

Usual resident population at the most recent census.

Median weekly rent
$92/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$34,788/yr

Annual median household income (before tax) across all households.

Distance to CBD
198 km

Straight-line distance from the suburb centroid 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.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
N/A

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
4% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Lucky Bay is a smaller community of 15 — about 0% of the South Australia suburb median (3,699) — so investors should factor in the narrower buyer pool and longer average time-on-market. Lucky Bay's median household income of $34,788/year is 57% 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. The median weekly rent of $92 translates to approximately $4,784/year in gross rental income, setting the upper bound on yield before vacancy, rates, insurance and maintenance. Lucky Bay is 198 km from Adelaide, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 4% 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.

Lucky Bay vs South Australia Median

How Lucky Bay stacks up against the median of all South Australia suburbs in our dataset. Positive values mean Lucky Bay sits above the state median; negative means below.

MetricLucky BaySA medianΔ vs state
Population153,699-100%
Median household income$34,788/yr$80,964/yr-57%
Median rent (weekly)$92$320-71%
Distance to CBD198 km13 km+1423%
Separate houses4%73%-69pp

Investor Checklist

Pre-inspection briefing for Lucky Bay — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 15 means liquidity is thin and capital growth tends to lag the wider South Australia market over full cycles.

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Rental Yield

Gross rent of $92/week (~$4,784/year) sets the yield ceiling. Cross-check against your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.

Renovation / Flip

Only 4% 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

Run the numbers on a Lucky Bay property

Full Property Analysis

30-year projections for Lucky Bay

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Lucky Bay are modest for 2026 — incomes 57% below the SA median of $80,964 and a population of 15 suggest gains will lag headline metro markets. Rents sit around $92/week, setting the baseline gross rental income at roughly $4,784/year — refine this against current listings before running your numbers. The EquitySight investment score of 27/100 places Lucky Bay in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Lucky Bay a good suburb for investment?

Lucky Bay scores 27/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 15, median household income of $34,788/year and median weekly rent of $92. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Lucky Bay?

The main demand drivers in Lucky Bay are a median household income of $34,788/year, a dwelling mix that is 4% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Lucky Bay?

Lucky Bay has a usual resident population of approximately 15, 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 Lucky Bay from the Adelaide CBD?

Lucky Bay sits 198 km straight-line from the Adelaide CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Lucky Bay?

The most recent census recorded a median weekly rent of $92 in Lucky Bay, equating to approximately $4,784/year in gross rental income (state median $320/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Lucky Bay?

A reliable median mortgage figure was not captured for Lucky Bay. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.

Is Lucky Bay cash-flow positive for investors?

Census data was not complete enough in Lucky Bay to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.

What are the main risks of investing in Lucky Bay?

The main risks are a thin buyer pool (15 residents), interest-rate sensitivity, below-median household incomes ($34,788 vs $80,964 state median), a unit-heavy dwelling mix (4% 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 Lucky Bay profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

Nearby Suburbs

South Australia Property Resources