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Dry Creek, SA 5094
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,035,000
market range $675K-$1.1M
Median Unit
$175,000
list-price estimate
Gross Yield (houses)
2.6%
1yr Growth
-
Investment snapshot for Dry Creek
Dry Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Dry Creek market and investor summary
In Dry Creek, SA 5094, the median house sells for around $1.0M, on a gross rental yield of 2.6% for houses. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Dry Creek: people, income and schools
Dry Creek is home to around 232 people, and the area has been growing steadily, up about 9% over five years. At a median age of 35, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $63,000 a year (about $1,220 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to a steep 16.3 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 8 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Dry Creek sits about 13 km from the CBD. It is fairly car-dependent; the suburb scores 4 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 232
- +9% over 5yr
- Median age
- 35 years
- Median household income
- $63,000/yr
- Households renting
- 31%
- Family households
- 59%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 1054
- Unemployment
- 5.3%
- Distance to CBD
- 13 km
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Dry Creek
View all →Frequently asked questions about Dry Creek
What should I check before investing in Dry Creek?
Dry Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Dry Creek?
The median property price in Dry Creek, SA 5094 is $1.0M for houses.
What rental yield does Dry Creek show?
The gross rental yield in Dry Creek is 2.6% for houses and 3.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Dry Creek?
The current vacancy rate in Dry Creek is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Dry Creek?
Dry Creek has a population of approximately 232 residents, with a median age of 35.
What schools are near Dry Creek?
There are 8 schools within roughly 5km of Dry Creek. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Dry Creek affordable to buy in?
A median house in Dry Creek costs about 16.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Dry Creek's population growing?
The population of Dry Creek has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Dry Creek from the CBD?
Dry Creek is about 13 km from the CBD.
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