5 Spence Avenue

Myrtle Bank SA 5064

The size of Myrtle Bank is approximately 1.2 square kilometres. It has 6 parks covering nearly 6.3% of total area. The population of Myrtle Bank in 2011 was 2,939 people. By 2016 the population was 2,875 showing a population decline of 2.2% in the area during that time. The predominant age group in Myrtle Bank is 80-89 years. Households in Myrtle Bank are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Myrtle Bank work in a professional occupation. In 2011, 66% of the homes in Myrtle Bank were owner-occupied compared with 69.9% in 2016.

Myrtle Bank has 1,153 properties. Over the last 5 years, Houses in Myrtle Bank have seen a 80.33% increase in median value, while Units have seen a 60.39% increase. As at 31 October 2024:

• The median value for Houses in Myrtle Bank is $1,755,061 while the median value for Units is $655,189.
• Houses have a median rent of $900 while Units have a median rent of $535.