Light Pass SA Property Investment
Light · 5355 · Score: 62/100 · Hold
Light Pass Short-Term Rental (Airbnb) Market
Light Pass SA Investment Brief
HOLD — 4.7% gross yield on a $326,000 (single source — OnTheHouse only, no peer to validate) median.
THE MARKET
Light Pass has compounded at 2.7%/yr over 5 years. Median sits in the $326,000 (single source — OnTheHouse only, no peer to validate) band today. Properties are sitting on market for 23 days (sellers have the leverage).
- Median house: $326,000 (single source — OnTheHouse only, no peer to validate) | Units: $0
- Gross yield: 4.7% | Net yield: 3.2%
- 5yr price CAGR: 2.7%/yr | 3yr forecast: 2.4%/yr
- Population: 256 | Owner-occupier rate: 73% | Affluence: Average
- Supply pipeline: Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- Vacancy: 1.1% (stable) | Rental demand: Very High
- Median weekly rent: $295/wk | Days on market: 23 (improving)
- Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
Insufficient STR data for this suburb. Run a specific address analysis for property-level STR projections.
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record.
- Transport: Standard suburban transport access
BULL CASE
If Light Pass maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $374,900 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Light Pass pull back 10-15% from $326,000, with vacancy rising to 2.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- Distance from CBD may limit long-term capital growth potential
COMPARABLE MARKETS
- Jamestown (SA): $378,681 median, 5.7% yield, -1.5% 1yr growth
- Kalangadoo (SA): $381,729 median, 2.2% yield, 21.5% 1yr growth
- Lock (SA): $251,871 median, 2.5% yield, 23.7% 1yr growth
THE PLAY
Light Pass offers balanced fundamentals but does not present an urgent buying signal. The market is in a cooling phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 5.2%.
- Entry range: $293,400 – $358,600
- Minimum gross yield to target: 5.0%
- Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
Gentrification Index
Growth Forecast
high confidenceBasis: 5yr CAGR 2.7% + 10yr CAGR 3.6%
- +Above-average population growth (1.8%/yr)
- +Very tight rental market (vacancy 1.1%) — upward price pressure
- +Active market (23 days avg)
- −High supply pipeline (790 new approvals) — may cap price growth
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-04
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
99
2020
163
2021
123
2022
105
2023
300
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 5355
Decile 5 of 10 — Average
Population
8,281
Education (IEO)
3/10
Econ. Resources (IER)
6/10
10-Year Investment Projection
Modelled on Light Pass SA data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $295/wk median rent for Light Pass. Capital growth and rent increase are editable assumptions.
Nearby Suburbs
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.