Myrtle Bank at a glance
Median house
$1,672,500
-7.3% over 12 months
Median unit
$404,640
Weekly rent
$705
Houses · units $570
Gross yield
2.2%
Houses, on the median
Population
3,158
Median age 54
Walk score
40
Car dependent
Prices: Median of 8 house sales · SA Government · the latest published quarter (updated October 2026) · Rent: SA rental bond data, June 2026 · Population: 2021 Census
Houses change hands at $1,672,500 on a typical sale, well above the South Australia median (8 house sales, SA Government quarterly medians, the latest published quarter (updated October 2026)). Units come in around $404,640, roughly 76% below the house median. The 12-month picture shows a softening market (-7.3%), giving buyers more room to negotiate.
For buyers
A 20% deposit on the median house works out to roughly $335,000. Prices sit well above the South Australia median, so plan for a stretched deposit and shop carefully on borrowing capacity.
For sellers
With 12-month growth at -7.3%, pricing should anchor to the most recent six months of comparables, not last year's peak.
Market
House prices in Myrtle Bank.
Median house price
$1,672,500
-7.3% over the past year. Median unit price $404,640.
Median of 8 house sales · SA Government · the latest published quarter (updated October 2026)
Rental and ownership
Weekly rent (house)
$705/wk
Weekly rent (unit)
$570/wk
Owner occupied
67%
Renter occupied
17%
At a deeper level
$1,672,500
-7.3% annual growth
$404,640
3,158
Median age: 54
Rental data as of June 2026· rental-sa
5-year trajectory
at -7.3%/yr
2021
$2.4M
5-year change
-32%
2026
$1.7M
Trajectory derived from the current median compounded at the suburb’s annual growth rate, not raw sale-by-sale history.
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The brief
What to know about Myrtle Bank.
Myrtle Bank's median house price is $1,672,500 (The SA Government's quarterly suburb median from 8 house sales, the latest published quarter (updated October 2026)).
Postcode 5064 (SA), City of Mitcham, part of Greater Adelaide.
Myrtle Bank (5064) sits in the Mitcham region of South Australia. The median house here is $1,672,500, well above the South Australia median of around $720K. Prices have moved -7.3% over the past year, well behind the South Australia average (5%).
Myrtle Bank has roughly 3,158 residents, with a retiree-heavy demographic. Households are mostly owner-occupied. Daily life is car-friendly: most residents drive to work, school and the shops.
Side by side
Compare Myrtle Bank with a nearby suburb.
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Nearby suburbs
Day to day
What it’s like to live here.
Myrtle Bank scores 40/100 on walkability, which makes it car-friendly with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 28°C (warm), winter mornings around 7°C (cool). Annual rainfall lands at about 448mm. Data comes from the Bureau of Meteorology's Adelaide (Kent Town) station, 11.1km away.
Schooling within or near the suburb covers 7 government primary, 4 government secondary, 4 Catholic, 5 independent.
Who lives here
Demographics.
The 2021 Census put Myrtle Bank's population at 3,158, with a median age of 54. That sits as a retiree-heavy demographic. Households are mostly owner-occupied (67% own, 17% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (66% family households, 33% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
3,158
Median age
54
Family households
66%
Lone person
33%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 2.19% (median rent $705/wk against a $1,672,500 price tag). Units yield 7.33% gross, often the better cash-flow play for first-time investors. Renter share is modest (17%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: data.sa.gov.au · Oct 20262.19%
Based on $1,672,500 median
Gross Yield (Unit)
Source: data.sa.gov.au · Oct 20267.33%
Based on $404,640 median
Annual Growth (House)
Source: data.sa.gov.au · Oct 2026-7.3%
Year-on-year capital growth
Annual Growth (Unit)
Source: data.sa.gov.au · Oct 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202667%
Higher = more owner-occupier demand
Days on Market
Source: data.sa.gov.au · Oct 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
56
total offences in 2025-26
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of June 2026· State Police Open Data
Getting around
Walkability.
40
0
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Myrtle Bank.
Local schools for Myrtle Bank
View the catchment for each school to find out more.
Government School Catchment
Glen Osmond Primary School
Glenunga International High School
Highgate School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
448 mm
Hottest Month (avg max)
28.0°C
Coldest Month (avg min)
7.0°C
Monthly Rainfall (mm)
Weather data from BOM station Adelaide (Kent Town) (11 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Myrtle Bank.
- What is the median house price in Myrtle Bank?
- The median house price in Myrtle Bank, SA 5064 is $1,672,500 (The SA Government's quarterly suburb median from 8 house sales, the latest published quarter (updated October 2026)). The median unit price is $404,640. Annual growth is -7.3%.
- How much is my house worth in Myrtle Bank?
- A useful starting point is the Myrtle Bank median house price of $1,672,500 (units $404,640). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Myrtle Bank a good investment?
- On the published figures, the gross rental yield on houses in Myrtle Bank is 2.2%: the median weekly house rent is $705 (SA rental bond data, June 2026) against the median house price of $1,672,500 (SA Government, the latest published quarter, updated October 2026). The median house price fell 7.3% over 12 months on the same SA Government figures. Whether Myrtle Bank is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Myrtle Bank postcode?
- Myrtle Bank is in the 5064 postcode, in SA, in the City of Mitcham region.
- Where is Myrtle Bank?
- Myrtle Bank is a suburb of Adelaide, in SA 5064. It is part of the Greater Adelaide area, in the City of Mitcham region.
- What is the average rent in Myrtle Bank?
- The median weekly rent for houses is $705, for units it's $570.
- What schools are in Myrtle Bank?
- There are 20 schools serving Myrtle Bank on this page, including Glen Osmond Primary School, Seymour College, Glenunga International High School.
- How walkable is Myrtle Bank?
- Myrtle Bank has a Walk Score of 40 out of 100, car-dependent for most errands. transit score 0, bike score 100.
- What suburbs are near Myrtle Bank?
- Myrtle Bank is close to Urrbrae, Glenunga, Fullarton, St Georges, Highgate.
- What is the population of Myrtle Bank?
- The population of Myrtle Bank is approximately 3,158 (2021 Census). The median age is 54.
Myrtle Bank
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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