Myrtle Bank (SA)

Population growth drivers in Myrtle Bank are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

The population of Myrtle Bank (SA) is estimated at approximately 3,284 as of November 2025. This figure reflects an increase of 126 people since the 2021 Census, which reported a population of 3,158. The change is inferred from AreaSearch's estimation of the resident population at 3,280 following examination of the latest ERP data release by the ABS in June 2024, along with an additional 12 validated new addresses since the Census date. This results in a density ratio of 2,783 persons per square kilometer, placing Myrtle Bank in the upper quartile relative to national locations assessed by AreaSearch. Over the past decade, from 2015 to 2025, the suburb has demonstrated resilient growth patterns with a compound annual growth rate of 0.8%, outpacing the SA3 area. Population growth was primarily driven by overseas migration during this period.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data and years post-2032, the SA State Government's Regional/LGA projections by age category are adopted, based on 2021 data and released in 2023. Considering these projections, an above median population growth is expected for Myrtle Bank, with an estimated increase of 612 persons to reach a total population of approximately 3,896 by the year 2041, reflecting a 19.1% increase over the 17-year period.

Residential development activity is lower than average in Myrtle Bank according to AreaSearch's national comparison of local real estate markets

AreaSearch analysis of ABS building approval numbers allocated from statistical area data shows Myrtle Bank has experienced around 7 dwellings receiving development approval per year. Over the past 5 financial years, between FY-21 and FY-25, approximately 39 homes were approved, with an additional 3 so far in FY-26. This translates to an average of 3 new residents per year gained for each dwelling built over these years, suggesting solid demand that supports property values.

New homes are being built at an average expected construction cost value of $879,000, indicating a developer focus on the premium segment with upmarket properties. In FY-26, $947,000 in commercial development approvals have been recorded, suggesting a predominantly residential focus. Compared to Greater Adelaide, Myrtle Bank records about three-quarters of the building activity per person while it places among the 35th percentile of areas assessed nationally, meaning somewhat limited buyer options while strengthening demand for established dwellings. This activity is also below average nationally, reflecting the area's maturity and possible planning constraints.

New building activity shows 62.0% standalone homes and 38.0% attached dwellings, indicating an expanding range of medium-density options creating a mix of opportunities across price brackets. At around 467 people per approval, Myrtle Bank indicates a mature market. Population forecasts indicate Myrtle Bank will gain 627 residents through to 2041, based on the latest AreaSearch quarterly estimate. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Myrtle Bank has strong levels of nearby infrastructure activity, ranking in the top 40% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified two projects that are likely to impact the area. Key projects include 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 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 places Myrtle Bank well above average for employment performance across multiple indicators

Myrtle Bank has a highly educated workforce with strong representation in professional services. The unemployment rate is 2.1%, lower than the national average.

Over the past year, employment growth was estimated at 2.2%. As of June 2025, 1,472 residents are employed, with an unemployment rate of 1.9% below Greater Adelaide's rate of 4.0%. Workforce participation is lower at 46.8%, compared to Greater Adelaide's 61.7%. Key employment sectors include health care & social assistance, professional & technical services, and education & training.

The area specializes in professional & technical jobs, with an employment share twice the regional level. Conversely, construction employs only 5.4% of local workers, below Greater Adelaide's 8.7%. Limited local employment opportunities are indicated by Census data comparing working population to resident population. Between June 2024 and June 2025, employment increased by 2.2%, while the labour force rose by 2.1%, keeping unemployment broadly stable at 3.9%. In contrast, Greater Adelaide saw employment grow by 2.1% and unemployment rise marginally to 4.0%. Jobs and Skills Australia's national employment forecasts from Sep-22 project overall growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Myrtle Bank's employment mix suggests local employment could increase by 7.4% over five years and 15.2% over ten years, though these are simple weighted extrapolations for illustrative purposes only and do not account for localized population projections.

The area's income profile falls below national averages based on AreaSearch analysis

Myrtle Bank's median income among taxpayers was $49,111 in financial year 2022. The average income stood at $77,480 during the same period. These figures compare to Greater Adelaide's median and average incomes of $52,592 and $64,886 respectively. By September 2025, estimated median and average incomes in Myrtle Bank would be approximately $55,412 and $87,421 based on a 12.83% growth since financial year 2022. Census data shows household, family, and personal incomes rank modestly in Myrtle Bank, between the 44th and 46th percentiles. In this area, 23.2% of individuals fall within the $1,500 - $2,999 income range, which is similar to the broader area where this cohort represents 31.8%. Notably, 30.6% earn above $3,000 weekly in Myrtle Bank. 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

In Myrtle Bank, as per the latest Census evaluation, 57.8% of dwellings were houses, with the remaining 42.2% being other types such as semi-detached homes and apartments. This is compared to Adelaide metro's figures of 59.2% houses and 40.9% other dwellings. Home ownership in Myrtle Bank stood at 47.2%, with mortgaged properties at 32.6% and rented ones at 20.2%. The median monthly mortgage repayment in the area was $2,174, exceeding Adelaide metro's average of $2,167. The median weekly rent figure was recorded at $350, matching Adelaide metro's figure of $350. Nationally, Myrtle Bank's mortgage repayments were 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 fairly typical median household size

Family households account for 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 constitute 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 aligns with the Greater Adelaide average.

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

Educational attainment in Myrtle Bank significantly surpasses broader benchmarks. As of 2021 data, 47.0% of residents aged 15+ hold university qualifications compared to 25.7% in South Australia and 28.9% in the Greater Adelaide region. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 29.2%, followed by postgraduate qualifications at 13.2% and graduate diplomas at 4.6%.

Vocational pathways account for 20.6% of qualifications among those aged 15+, with advanced diplomas at 10.6% and certificates at 10.0%. Educational participation is notably high, with 25.8% of residents currently enrolled in formal education as of the latest census data. This includes 8.5% in primary education, 7.1% in secondary education, and 6.7% pursuing tertiary education. Glen Osmond Primary School provides local educational services within Myrtle Bank, with an enrollment of 375 students as of 2021. The area demonstrates exceptional educational performance, with an ICSEA score of 1152, placing local schools among the most advantaged nationally. The school focuses exclusively on primary education, with secondary options available in surrounding areas.

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

Transport analysis indicates ten active transport stops in Myrtle Bank, all of which are bus stops. These stops are served by twenty-eight different routes that collectively facilitate 1,696 weekly passenger trips. Residents enjoy good transport accessibility, with an average distance of 222 meters to the nearest stop.

Service frequency stands at 242 trips per day across all routes, translating to approximately 169 weekly trips per individual stop.

Health performance in Myrtle Bank is well below average with prevalence of common health conditions notable across both younger and older age cohorts

Myrtle Bank faces significant health challenges, as indicated by its health data. Both younger and older age groups have notable prevalence of common health conditions.

Private health cover is high at approximately 58% (~1,891 people), compared to Greater Adelaide's 67.1%. The most prevalent medical conditions are arthritis (10.2%) and mental health issues (8.9%). 60.3% of residents report no medical ailments, lower than Greater Adelaide's 69.9%. Myrtle Bank has a higher proportion of seniors aged 65 and over at 38.8% (~1,274 people), compared to Greater Adelaide's 22.6%. Health outcomes among seniors align with the general population's health profile.

Myrtle Bank was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Myrtle Bank's population showed high cultural diversity, with 25.9% born overseas and 18.2% speaking a language other than English at home. Christianity was the predominant religion, accounting for 51.3%. Notably, Judaism had a higher representation in Myrtle Bank at 0.4%, compared to Greater Adelaide's 0.2%.

The top three ancestral groups were English (28.3%), Australian (21.8%), and Irish (8.4%). Some ethnic groups showed notable differences: German was overrepresented at 6.3% versus the regional average of 5.7%, Russian at 0.5% compared to 0.4%, and Polish at 0.9% against 1.0%.

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 the national average of 38. The percentage of people aged 85 and above in Myrtle Bank is 12.5%, compared to Greater Adelaide, while the 25-34 age group is less prevalent at 7.3%. This concentration of people aged 85 and above is significantly higher than the national figure of 2.2%. According to the 2021 Census, the percentage of people aged 15 to 24 has increased from 9.3% to 11.6%, while the 75 to 84 age group has risen from 12.9% to 14.4%. Conversely, the 85 and above age group has decreased from 13.4% to 12.5%. Demographic modeling indicates that Myrtle Bank's age profile will change significantly by 2041. The number of people aged 85 and above is projected to increase by 294 (72%), from 410 to 705. Notably, the combined 65 and above age groups are expected to account for 74% of total population growth, reflecting the area's aging demographic profile. Conversely, population declines are projected for the 65 to 74 and 5 to 14 age groups.