Redwood Park
An $850,000 median house price in a suburb where 97.1% of dwellings are detached houses tells the story here, because almost nothing else is on the market. The median jumped 12.7% in a single year from $754,000 in 1Q 2025, even though population growth is just 0.14% annually, so the surge is supply scarcity rather than an influx of buyers. Household income sits in the 66.1st percentile nationally, mid-tier, yet the suburb scores decile 8 on both the IRSD disadvantage index and the IER economic-resources index, reflecting an owner-heavy base where 88.4% of homes are owned outright or under mortgage. The crime rate of 21.1 per 1,000 residents is low for a metropolitan suburb.
Population
5,367
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$1,832/wk
DAs (12 months)iDevelopment Applications lodged in the past year
36
Median House
$850K
Median 1Q 2026
The $850,000 median rose 12.7% from $754,000 in 1Q 2025, a steep one-year move driven by scarce stock rather than demand, since 97.1% of dwellings are separate houses and only 2.9% are semi-detached. Three-bedroom homes dominate at 65.6% and four-plus-bedroom homes make up 30.7%, so buyers seeking family-sized detached housing have genuine choice, but apartments and townhouses are effectively absent. The affordability story is favourable: monthly mortgage repayments average $1,517 and the mortgage-to-income ratio is just 19.1%, well below the 30% stress threshold, helped by household income in the 66.1st percentile. With 50.9% of residents carrying a mortgage versus 37.5% owning outright, this is a working family market where repayments stay comfortable relative to income.
For Buyers
The $850,000 median rose 12.7% from $754,000 in 1Q 2025, a steep one-year move driven by scarce stock rather than demand, since 97.1% of dwellings are separate houses and only 2.9% are semi-detached. Three-bedroom homes dominate at 65.6% and four-plus-bedroom homes make up 30.7%, so buyers seeking family-sized detached housing have genuine choice, but apartments and townhouses are effectively absent. The affordability story is favourable: monthly mortgage repayments average $1,517 and the mortgage-to-income ratio is just 19.1%, well below the 30% stress threshold, helped by household income in the 66.1st percentile. With 50.9% of residents carrying a mortgage versus 37.5% owning outright, this is a working family market where repayments stay comfortable relative to income.
For Investors
Renters make up only 11.6% of households, a thin tenant pool compared with the broader metro market, so this is not a high-turnover rental suburb. Weekly rent averages $350 against the $850,000 median, implying a gross yield near 2.1%, low and weighted toward capital growth rather than income. The 4.0% vacancy rate is balanced, neither tight nor oversupplied. Demand support is modest: net overseas migration adds 63 residents a year while internal migration removes 29, and annual population growth runs at 0.14%. Development activity is steady at 37 applications in 12 months, mostly single detached dwellings and the occasional dual-occupancy, which adds little new rental supply. The investment case rests on the 12.7% one-year price growth and the owner-occupier stability of an 88.4% owned-or-mortgaged base rather than yield.
Development Activity
Total DAs
230
Last 12 Months
36
YoY ChangeiYear-over-year change in DA lodgements
0.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Redwood Park iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Redwood Park Primary School
R-6 · 368 students
Demographics
The median age of 40 matches the national figure exactly, but the trajectory is aging: the senior share rose 6.7 points over the decade while the working-age share fell 4.7 points, so the suburb is older than its headline age suggests it is heading. Overseas-born residents sit at 18.7%, which is 2.9 points below national, and university qualifications reach 27.9%, 2.2 points under national, marking a mid-education, Australian-born-leaning profile. Ancestry is strongly Anglo-Celtic, led by English (2,364), then German (514), Scottish (483) and Irish (405). Average household size is 2.6, just 0.1 above national, consistent with a family base where couples with children (1,754) outnumber couples without (1,354). The largest non-English languages, Punjabi (24) and Italian (18), are spoken by very few residents.
Age Distribution
Bedrooms
Dwelling Structure
97.1%
Houses
2.9%
Townhouse
N/A
Apartment
Tenure
Tenure is owner-dominated: 50.9% of households carry a mortgage, 37.5% own outright and only 11.6% rent, so 88.4% of homes are owner-occupied, well above the renter-heavy inner-city profile. The stock is overwhelmingly detached at 97.1% separate houses, with semi-detached just 2.9% and apartments effectively absent, which keeps prices elevated through scarcity of any alternative. Three-bedroom dwellings account for 65.6% and four-plus-bedroom homes 30.7%, confirming a family-housing market. The median house price climbed from $754,000 in 1Q 2025 to $850,000 in 1Q 2026, a 12.7% one-year rise. Both mortgage-to-income and rent-to-income ratios read 19.1%, comfortably below the 30% stress line, because purchase costs remain moderate relative to the 66.1st-percentile household income.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,517
Rent / wk
$350
HH Size
2.6
Personal Income / wk
$837
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
4.0%
Unoccupied
84
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
19.1%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
19.1%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
29.1%
Couples, no children
4,660
Total families
Economy & Employment
The local workforce concentrates in essential-service sectors: Healthcare leads at 18.8% (355 workers), Education follows at 14.1% (267) and Public Administration at 10.2% (193), with Construction at 10.0% and Manufacturing at 7.6%. By occupation, Professionals (593) and Clerical/Administrative workers (407) form the largest groups, a mix that aligns with the mid-tier decile 5 IEO score for education and occupation. Unemployment is moderate at 4.9% and the full-time employment rate is 62.9%, with participation at 64.1%. The SEIFA picture is uneven: IRSD (disadvantage) and IER (economic resources) both read decile 8, above average, while IRSAD sits at decile 6 and IEO at decile 5, because solid household resources coexist with mid-level education and occupation profiles. Real incomes grew 7.3% over the decade.
Unemployment
2.0%
Labour Force
9,507
Unemployed
191
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
62.9%
Part-time
32.2%
Participation
64.1%
Employed
2,698
Occupations
Top Industries
University
27.9%
Postgraduate
5.2%
Born Overseas
18.7%
Dwellings
2,032
Transport to Work
The suburb leans heavily on cars: 86.3% drive to work while only 7.8% use public transport and 1.1% walk or cycle, well below the metro average for active transport, reflecting an outer-suburban, low-density layout at 2,354 residents per square kilometre. Safety is a genuine strength, with a crime rate of 21.1 per 1,000 residents, low for a metropolitan area, and only 113 incidents recorded in total. The suburb scores decile 8 on the IRSD index of relative disadvantage, above average, meaning few residents face deprivation, and 4.9% (259 people) need daily assistance. No schools are recorded inside the 2.28 square kilometre boundary in this dataset, so families rely on schools in neighbouring suburbs, a practical trade-off for the quiet, detached-housing setting.
Drive
86.3%
Public Transport
7.8%
Walk / Cycle
1.1%
Work from Home
N/A
Population Forecast
+0.14%/yr
(+24 people/yr)
EstablishedRedwood Park is an established, slow-growth suburb: annual population growth registers 0.14%, about 24 people a year, and the 10-year change is just 2.9%, far below faster-growing metro suburbs. Overseas migration is the only positive driver, adding 63 residents annually, more than the net internal outflow of 29, so the suburb gains population only because arrivals exceed departures. Medium forecasts hold the population nearly flat through 2031. The demographic shift is toward aging, with the senior share rising 6.7 points while the working-age share fell 4.7 points over the decade. Affordability improved from 44.3% in 2011 to 42.0% in 2021, a slow gain that keeps the suburb more accessible than higher-priced markets but still trending tighter.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+63
Net Internal / yr
-29
Gentrification Signal
Not gentrifying
Safety & Crime
Total Offences
113
Year ending June 2024
Rate per 1,000 People
21.1
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Redwood Park compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Redwood Park a good suburb to live in?
Redwood Park scores decile 8 on the IRSD disadvantage index, above average, with a low crime rate of 21.1 per 1,000 residents. It suits families: 97.1% of homes are detached houses and the mortgage-to-income ratio is just 19.1%, well below the 30% stress threshold, though car reliance is high at 86.3%.
What is the median house price in Redwood Park?
The median house price is $850,000 as of 1Q 2026, up 12.7% from $754,000 a year earlier. Weekly rent averages $350 and monthly mortgage repayments run about $1,517, giving a comfortable mortgage-to-income ratio of 19.1%.
What schools are in Redwood Park?
No schools are recorded inside the 2.28 square kilometre Redwood Park boundary in this dataset, so families rely on schools in neighbouring suburbs. The resident base is family-oriented, with couples-with-children households (1,754) outnumbering couples without children (1,354).
Is Redwood Park safe?
Redwood Park is relatively safe, with a crime rate of 21.1 per 1,000 residents and 113 incidents recorded in total, low for a metropolitan suburb. It also scores decile 8 on the IRSD index of relative disadvantage, the higher tier, consistent with a low-disadvantage area.
Is Redwood Park good for property investment?
Rent of $350 a week against the $850,000 median gives a gross yield near 2.1%, low and weighted toward capital growth. With only 11.6% of households renting and a 4.0% vacancy rate, the case rests on the 12.7% one-year price rise rather than rental yield.
How is Redwood Park's population changing?
Population growth is just 0.14% annually, about 24 people a year, with a 2.9% rise over 10 years. The profile is aging, with the senior share up 6.7 points and the working-age share down 4.7 points over the decade. Overseas migration adds 63 residents a year.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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