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Stepney, SA 5069

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$1,540,000

list-price estimate

Median Unit

$915,000

list-price estimate

Gross Yield (houses)

3.0%

1yr Growth

-

Investment snapshot for Stepney

Stepney has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Stepney market and investor summary

In Stepney, SA 5069, houses show a gross rental yield of 3.0%. At 1.1% 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 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.

Living in Stepney: people, income and schools

About 942 people live in Stepney, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and families account for 55% of households.

Households here earn a median of about $98,000 a year, or roughly $1,890 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index).

There are 73 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 3.2 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 65 for walkability and 24 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.

Population
942
+5% over 5yr
Median age
39 years
Median household income
$98,000/yr
Households renting
36%
Family households
55%
Socio-economic rank
9/10
ABS advantage index
Schools within 5km
73
avg ICSEA 1152
Unemployment
2.2%
Distance to CBD
3.2 km
Walk score
65/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Stepney

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Frequently asked questions about Stepney

What should I check before investing in Stepney?

Stepney has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Houses sell quickly (17 days on market), which points to strong sales liquidity. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What rental yield does Stepney show?

The gross rental yield in Stepney is 3.0% for houses. 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 Stepney?

The current vacancy rate in Stepney is 1.1%. 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 Stepney?

Stepney has a population of approximately 942 residents, with a median age of 39.

What schools are near Stepney?

There are 73 schools within roughly 5km of Stepney. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Stepney's population growing?

The population of Stepney has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Stepney from the CBD?

Stepney is about 3.2 km from the CBD.

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