Myrtle Bank (SA)

Population growth drivers in Myrtle Bank are slightly above average based on AreaSearch's ranking of recent, and medium term trends

As of May 2026, the estimated population of the suburb of Myrtle Bank (SA) is around 3,239. This figure reflects an increase of 81 people since the 2021 Census, which reported a population of 3,158. The change was inferred from AreaSearch's estimate of the resident population following their examination of the latest ERP data release by the ABS in June 2025 and validation of 11 new addresses since the Census date. This level of population results in a density ratio of 2,744 persons per square kilometer, placing Myrtle Bank in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, the suburb has demonstrated resilient growth patterns with a compound annual growth rate of 0.8%, outpacing its SA3 area. Population growth was primarily driven by overseas migration during recent periods.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered and years post-2032, the SA State Government's Regional/LGA projections are adopted with adjustments made employing a method of weighted aggregation of population growth from LGA to SA2 levels. Considering projected demographic shifts, an above median population growth is projected for Myrtle Bank, with an expected increase of 581 persons by 2041 based on aggregated SA2-level projections, reflecting a total increase of 17.9% over the 16 years.

AreaSearch analysis of residential development drivers sees Myrtle Bank recording a relatively average level of approval activity when compared to local markets analysed countrywide

Myrtle Bank has seen approximately 9 dwelling approvals annually based on AreaSearch analysis of ABS building approval numbers. Over the past five financial years, from FY21 to FY25, around 49 homes received approval, with an additional 20 approved in FY26 so far. Each year, about 3.7 people moved to the area per dwelling built over these five years.

This indicates substantial supply lagging demand, potentially leading to heightened buyer competition and pricing pressures. The average construction value of new homes is $879,000, suggesting a focus on premium properties. Commercial development approvals totaled $6.1 million in FY26, reflecting the area's residential character. Myrtle Bank maintains similar construction rates per person compared to Greater Adelaide, supporting market stability aligned with regional patterns.

However, this activity is below national averages, indicating maturity and possible planning constraints. New building activity comprises 58% standalone homes and 42% attached dwellings, offering a mix of medium-density options across price brackets. Myrtle Bank has a low density, with around 301 people per approval. By 2041, the area is projected to gain 581 residents. If current construction levels persist, housing supply may lag population growth, intensifying buyer competition and potentially driving price increases.

Myrtle Bank has emerging levels of nearby infrastructure activity, ranking in the 20thth percentile nationally

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified two projects that may affect this region. Notable projects are Estia Health Myrtle Bank Expansion, 23 Riverdale Road Residential Development, Highgate Village Streetscape Upgrade, and Ridge Park Master Plan. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis reveals Myrtle Bank significantly outperforming the majority of regions assessed nationwide

Myrtle Bank has a highly educated workforce with strong representation in professional services. The unemployment rate was 2.2% as of the past year, with an estimated employment growth of 4%. As of December 2025, 1,402 residents are employed, with an unemployment rate of 1.6%, below Greater Adelaide's 3.8%.

Workforce participation is lower at 50.6% compared to Greater Adelaide's 66.0%. Home-based work was reported by 16.9% of residents in the Census. Employment is concentrated in health care & social assistance, professional & technical, and education & training sectors. The area specializes in professional & technical employment with a share of 2.0 times the regional level.

However, construction employs only 5.4% of local workers compared to Greater Adelaide's 8.7%. The predominantly residential area appears to offer limited local employment opportunities. Over a 12-month period ending in May-25, employment increased by 4.0%, labour force grew by 4.1%, and unemployment rose by 0.1 percentage points. In contrast, Greater Adelaide saw employment growth of 4.2%, labour force expansion of 3.9%, and a fall in unemployment of 0.3 percentage points. According to Jobs and Skills Australia's national employment forecasts from May-25, national employment is projected to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Myrtle Bank's employment mix suggests local employment should increase by 7.4% over five years and 15.2% over ten years.

Income levels sit below national averages according to AreaSearch assessment

The suburb of Myrtle Bank has a high national income level based on latest ATO data aggregated by AreaSearch for financial year 2023. The median income among taxpayers in Myrtle Bank is $49,111 and the average income stands at $77,480. This compares to figures for Greater Adelaide of $54,808 and $66,852 respectively. By March 2026, current estimates based on Wage Price Index growth of 10.17% would be approximately $54,106 (median) and $85,360 (average). Census data indicates that household, family and personal incomes in Myrtle Bank rank modestly, between the 44th and 46th percentiles. The data shows that 23.2% of the population (751 individuals) fall within the $1,500 - $2,999 income range, aligning with the broader area where this cohort likewise represents 31.8%. Notably, a significant 30.6% earn above $3,000 weekly, reflecting pockets of prosperity that drive robust local economic activity. After housing expenses, 86.1% of income remains for other expenses. The area's SEIFA income ranking places it in the 8th decile.

Myrtle Bank displays a diverse mix of dwelling types, with above-average rates of outright home ownership

Myrtle Bank's dwelling structures, as per the latest Census data, comprised 57.8% houses and 42.2% other dwellings such as semi-detached homes, apartments, and 'other' dwellings. In contrast, Adelaide metro had 75.2% houses and 24.9% other dwellings. Home ownership in Myrtle Bank stood at 47.2%, with the rest being mortgaged (32.6%) or rented (20.2%). The median monthly mortgage repayment in Myrtle Bank was $2,174, higher than Adelaide metro's average of $1,562. The median weekly rent figure for Myrtle Bank was recorded at $350, compared to Adelaide metro's $320. Nationally, Myrtle Bank's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were lower than the national figure of $375.

Myrtle Bank features high concentrations of lone person households, with a lower-than-average median household size

Family households constitute 65.7% of all households, including 29.1% couples with children, 28.5% couples without children, and 7.2% single parent families. Non-family households account for the remaining 34.3%, with lone person households at 32.5% and group households comprising 1.5%. The median household size is 2.3 people, which is smaller than the Greater Adelaide average of 2.5.

Myrtle Bank shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Myrtle Bank's educational attainment is notably higher than broader benchmarks. Among residents aged 15+, 47.0% hold university qualifications, compared to 25.7% in South Australia (SA) and 28.9% in Greater Adelaide. This educational advantage is reflected in the types of qualifications held: Bachelor degrees are most common at 29.2%, followed by postgraduate qualifications at 13.2% and graduate diplomas at 4.6%. Vocational pathways account for 20.6% of qualifications, with advanced diplomas at 10.6% and certificates at 10.0%.

Educational participation is high in the area, with 25.8% of residents currently enrolled in formal education. This includes 8.5% in primary education, 7.1% in secondary education, and 6.7% pursuing tertiary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Myrtle Bank has ten active public transport stops, all of which are bus stops. These stops are served by thirty different routes that together facilitate 1701 weekly passenger trips. The accessibility of these stops is considered good, with residents located an average of 222 meters from the nearest stop. As a predominantly residential area, most commuters travel outward. Cars remain the primary mode of transport for 86% of residents, while buses are used by 7%. On average, there are 1.2 vehicles per dwelling, which is lower than the regional average.

According to the 2021 Census, 16.9% of residents work from home, a figure that may be influenced by COVID-19 conditions. The service frequency averages 243 trips per day across all routes, resulting in approximately 170 weekly trips per individual stop.

Health outcomes in Myrtle Bank are marginally below the national average with the level of common health conditions among the general population somewhat typical, though higher than the nation's average among older cohorts

Myrtle Bank's health indicators show below-average outcomes based on AreaSearch's assessment of mortality rates and chronic condition prevalence. The level of common health conditions among the general population is somewhat typical but higher than the national average among older cohorts.

Private health cover rate is very high at approximately 58% of the total population (~1,865 people), compared to 52.7% across Greater Adelaide. The most common medical conditions are arthritis and mental health issues, impacting 10.2 and 8.9% of residents respectively, while 60.3% declare themselves completely clear of medical ailments, compared to 67.9% across Greater Adelaide. The area has 39.7% of residents aged 65 and over (1,285 people), which is higher than the 19.2% in Greater Adelaide. Health outcomes among seniors present some challenges but rank lower nationally than the broader population.

The level of cultural diversity witnessed in Myrtle Bank was found to be slightly above average when compared nationally for a number of language and cultural background related metrics

Myrtle Bank's population was found to be more culturally diverse than most local markets, with 25.9% born overseas and 18.2% speaking a language other than English at home. Christianity was the predominant religion in Myrtle Bank, comprising 51.3% of its population. Notably, Judaism was overrepresented, making up 0.4% compared to 0.1% across Greater Adelaide.

The top three ancestry groups were English (28.3%), Australian (21.8%), and Irish (8.4%). Some ethnic groups showed notable differences: German was overrepresented at 6.3%, Russian at 0.5%, and Polish at 0.9%.

Myrtle Bank ranks among the oldest 10% of areas nationwide

Myrtle Bank has a median age of 54, which is higher than Greater Adelaide's figure of 39 and also above the national average of 38. The percentage of people aged 85 and over in Myrtle Bank is 13.0%, compared to Greater Adelaide, while those aged 25-34 make up 7.7% of the population. This concentration of people aged 85 and over is significantly higher than the national average of 2.2%. According to the 2021 Census, the percentage of people aged 15 to 24 has increased from 9.3% to 11.8%, while those aged 75 to 84 have risen from 12.9% to 14.7%. Conversely, the proportion of people aged 45 to 54 has decreased from 12.0% to 10.0%. Demographic modeling indicates that Myrtle Bank's age profile will change significantly by 2041. The number of people aged 85 and over is projected to increase by 280 (67%) from 421 to 702. Notably, the combined age groups of 65 and over are expected to account for 74% of total population growth, reflecting Myrtle Bank's aging demographic profile. Conversely, population declines are projected for those aged 5 to 14 and 65 to 74.